= HM Treasury = '''His/Her Majesty's Treasury''', sometimes referred to as the '''Exchequer''', is a [[UnitedKingdom/Ministries|ministry]] of the British government. <> ---- == Composition == The Treasury is led by a '''chancellor of the Exchequer''' who simultaneously is '''second lord of the Treasury'''. (The title of '''''first'' lord of the Treasury''' is permanently tied to the [[UnitedKingdom/PrimeMinister|prime minister]].) TODO: learn some government! ---- == History == The Treasury emerged from the household of the [[UnitedKingdom/Monarchs|English monarch]]. The chief administrator of these funds came to be known as a '''lord treasurer'''. [[UnitedKingdom/CharlesII|Charles II]] established a commission of the Treasury. As funds accrued, the Treasury became enormously powerful due to the size of funds and came to [[EnglandInTheAgeOfTheAmericanRevolution|own pocket boroughs]]. The '''first lord of the treasury''' was generally the head of the government and became the prototype for the [[UnitedKingdom/PrimeMinister|prime minister]]. TODO: learn some history! ---- CategoryTodoLearnGovernment CategoryRicottone CategoryTodoLearnHistory