HM Treasury |
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Department overview | |
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Formed | 1066 or earlier[1] |
Jurisdiction | |
Headquarters | |
Employees | 1169 |
Annual budget | £3.8 billion (current) & £300 million (capital) for Chancellor's Departments in 2011–12[3] |
Minister responsible | |
Department executive | |
Child Department | |
Website | www |
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This article is part of a series on the politics and government of the United Kingdom |
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Her Majesty's Treasury (HM Treasury), sometimes referred to as the Exchequer, or more informally the Treasury, is the
The possessive adjective in the department's name varies depending upon the gender of the reigning
The beginnings of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King
The Treasury of the United Kingdom thus traces its origins to the Treasury of the
Starting in
The Treasury was first put in commission (placed under the control of several people instead of only one) in May or June 1660.[9] The first commissioners were the Duke of Albermarle, Lord Ashley, (Sir) W. Coventry, (Sir) J. Duncomb, and (Sir) T. Clifford.[10][11] After 1714, the Treasury was always in commission. The commissioners were referred to as the Lords of the Treasury and were given a number based on their seniority. Eventually the
During the time when the Treasury was under commission, the junior Lords were each paid £1600 a year.[12]