What is Chancellor of the Exchequer?
{{Infobox official post | post = Chancellor | body = the Exchequer and Second Lord of the Treasury | insignia = Royal Coat of Arms of the United Kingdom (HM Government).svg | insigniasize = | insigniacaption = [[Royal coat of arms of the United Kingdom|Royal Arms]] of [[Government of the United Kingdom|Her Majesty’s Government]] | insigniaalt = | flag = | flagsize = | flagalt = | flagborder = | flagcaption = | image = Rachel Reeves Official Cabinet Portrait, July 2024 (cropped 2) (cropped).jpg | imagesize = | alt = | imagecaption = | incumbent = [[Rachel Reeves]] | acting = | incumbentsince = 5 July 2024 | department = [[His Majesty's Treasury]] | style = {{ubl|Mr Chancellor (informal)|[[The Right Honourable]]<br />(UK and the Commonwealth)}} | type = {{ubl|[[Great Offices of State|Great Office of State]]|}} | status = | abbreviation = | member_of = {{ubl|[[Cabinet of the United Kingdom|Cabinet]]|[[Privy Council of the United Kingdom|Privy Council]]|[[National Security Council (United Kingdom)|National Security Council]]}} | reports_to = The [[Prime Minister of the United Kingdom|Prime Minister]] | residence = {{ubl|[[11 Downing Street]] (official)|[[Dorneywood]] (country house)}}<ref>{{Cite web|url=https://www.dorneywood.org/past-residents|title=Past Residents|website=Dorneywood}}</ref> | seat = [[Westminster]] | nominator = | appointer = [[Monarchy of the United Kingdom|The King]] (on the advice of the [[Prime Minister of the United Kingdom|prime minister]]) | appointer_qualified = | termlength = [[At His Majesty's pleasure]] | termlength_qualified = | constituting_instrument = | precursor = | formation = 22 June 1316 | first = [[Hervey de Stanton]]<br />(in the [[Kingdom of England]] only) | last = | abolished = | superseded_by = | succession = | unofficial_names = | deputy = [[Chief Secretary to the Treasury]] | salary = £153,022 (including £81,932 salary as [[Member of Parliament (United Kingdom)|Member of Parliament]]) | website = {{URL|https://www.gov.uk/government/ministers/chancell