Second Lord of the Treasury

Second Lord of the Treasury

Philip Hammond MP

since 13 July 2016
Style The Right Honourable
Residence 11 Downing Street
Appointer Elizabeth II of the United Kingdom
as sovereign
Term length No statutory limit; by established convention, the position is held by the Chancellor of the Exchequer
Inaugural holder Nigel (Lord High Treasurer)
Formation 1126 (Lord High Treasurer)
1714 (Commission has been permanent since the resignation of the Duke of Shrewsbury)
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The Second Lord of the Treasury is a member of the commission exercising the ancient office of Lord High Treasurer in the United Kingdom.[1] Since 1827, the Chancellor of the Exchequer has always simultaneously held the office of Second Lord of the Treasury when that person has not also been the Prime Minister. The official residence of the Second Lord of The Treasury is 11 Downing Street.


  1. "The Cabinet Papers - Great Offices of State". National Archives. Retrieved 21 December 2010.
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