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First Lord of the Treasury

Title granted to the UK Prime Minister

Title granted to the UK Prime Minister

FieldValue
postUnited Kingdom
First Lord of the Treasury
flagFlag of the United Kingdom.svg
flagcaptionFlag of the United Kingdom
insigniaCoat of arms of the United Kingdom (2022, lesser arms).svg
insigniacaptionGovernmental Arms of His Majesty's Government
imagePrime Minister Sir Keir Starmer Official Portrait (cropped 2).jpg
incumbentSir Keir Starmer
incumbentsince5 July 2024
residence[10 Downing Street](10-downing-street)
seatWestminster
appointerThe King
appointer_qualified
termlengthAt His Majesty's pleasure
formation{{Ubl
{{Longitem1126{{block indentem1(as Lord High Treasurer)}}}}
{{Longitem1612{{block indentem1(as First Lord of the Commission of the Treasury)}}}}
{{Longitem1714{{block indentem1(commission permanent since resignation of the 1st Duke of Shrewsbury)}}}}
first{{Ubl
{{LongitemNigel (bishop of Ely){{block indentem1(as Lord High Treasurer)}}}}
{{Longitem1st Earl of Northampton{{block indentem1(as First Lord of the Commission)}}}}
{{Longitem1st Earl of Halifax{{block indentem1(when the commission became permanent)}}}}
deputySecond Lord of the Treasury
website

First Lord of the Treasury | | | | | | The First Lord of the Treasury is the head of the Lords Commissioners of the Treasury exercising the ancient office of Lord High Treasurer in the United Kingdom. Traditional convention holds that the office of First Lord is held by the Prime Minister. 10 Downing Street is technically the official home of the First Lord, although it is now entirely associated with the Prime Minister's office. The office is not the United Kingdom's finance minister; this role is instead held by the Chancellor of the Exchequer, who is the Second Lord of the Treasury.

Lords of the Treasury

As of the beginning of the 17th century, the running of the Treasury was frequently entrusted to a commission, rather than to a single individual. Since 1714, it has permanently been in commission. The commissioners have always since that date been referred to as Lords Commissioners of the Treasury, and adopted ordinal numbers to describe their seniority. Eventually in the middle of the same century, the first lord of the Treasury came to be seen as the natural head of the overall ministry running the country, and, as of the time of Robert Walpole (Whig), began to be known, unofficially, as the prime minister.

The term prime minister was initially, but decreasingly, used as a term of derogation; it was first used officially in a royal warrant only in 1905. William Pitt the Younger said the prime minister "ought to be the person at the head of the finances"—though Pitt also served as chancellor of the exchequer for the entirety of his time as prime minister, so his linkage of the finance portfolio to the premiership was wider than merely proposing the occupation of the first lordship by the prime minister.

Prior to 1841 the first lord of the Treasury also held the office of chancellor of the exchequer unless he was a peer and thus barred from that office; in this case, the second lord of the Treasury usually served as chancellor. Since 1841, the chancellor has always been second lord of the Treasury when he was not also prime minister. By convention, the other Lords Commissioners of the Treasury are also Government Whips in the House of Commons.

Official residence

Main article: 10 Downing Street

10 Downing Street is the official residence of the first lord of the Treasury, not the office of prime minister. Chequers, a country house in Buckinghamshire, is the official country residence of the prime minister, used as a weekend and holiday home, although the residence has also been used by other senior members of government.

List of First Lords (1714–1922)

Much of this list overlaps with the list of prime ministers of the United Kingdom, but there are some notable differences, principally concerning , who was prime minister but not first lord in 1885–1886, 1887–1892 and 1895–1902.

Those first lords who were simultaneously prime minister are indicated in bold.

Those who were considered prime minister only during part of their term are indicated in bold italic.

First LordEntered officeLeft officePartyWhigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Tories (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Tories (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Whigs (British political party)}}"Whigs (British political party)}}"Tories (British political party)}}"Tories (British political party)}}"Whigs (British political party)}}"Conservative Party (UK)}}"Whigs (British political party)}}"Conservative Party (UK)}}"Peelite}}"Liberal Party (UK)}}"Conservative Party (UK)}}"Liberal Party (UK)}}"Liberal Party (UK)}}"Conservative Party (UK)}}"Conservative Party (UK)}}"Liberal Party (UK)}}"Conservative Party (UK)}}"Liberal Party (UK)}}"Conservative Party (UK)}}"Liberal Party (UK)}}"Conservative Party (UK)}}"Conservative Party (UK)}}"Conservative Party (UK)}}"Liberal Party (UK)}}"Liberal Party (UK)}}"Conservative Party (UK)}}"Liberal Party (UK)}}"Liberal Party (UK)}}"Liberal Party (UK)}}"
13 October 171419 May 1715Whig
23 May 171510 October 1715Whig
10 October 171512 April 1717Whig
12 April 171721 March 1718Whig
21 March 17183 April 1721Whig
****3 April 172111 February 1742Whig
****16 February 17422 July 1743Whig
****27 August 174310 February 1746Whig
10 February 174612 February 1746Whig
****12 February 17466 March 1754Whig
****16 March 175416 November 1756Whig
****16 November 17568 June 1757Whig
8 June 175712 June 1757Whig
****12 June 175725 June 1757Whig
****2 July 175726 May 1762Whig
****26 May 176216 April 1763Tory
****16 April 176313 July 1765Whig
****13 July 176530 July 1766Whig
******30 July 176628 January 1770Whig
****28 January 177022 March 1782Tory
****27 March 17821 July 1782Whig
****4 July 17822 April 1783Whig
****2 April 178319 December 1783Whig
****19 December 178314 March 1801Tory
****17 March 180110 May 1804Tory
****10 May 180423 January 1806Tory
****11 February 180631 March 1807Whig
****31 March 18074 October 1809Whig
****4 October 180911 May 1812Tory
****9 June 181210 April 1827Tory
****10 April 18278 August 1827Tory
****31 August 182722 January 1828Tory
****22 January 182822 November 1830Tory
****22 November 183016 July 1834Whig
****16 July 183414 November 1834Whig
****14 November 183410 December 1834Tory
****10 December 18348 April 1835Tory
****18 April 183530 August 1841Whig
****30 August 184129 June 1846Conservative
****30 June 184623 February 1852Whig
****23 February 185219 December 1852Conservative
****19 December 18526 February 1855Peelite
****6 February 185520 February 1858Liberal
****20 February 185812 June 1859Conservative
****12 June 185918 October 1865Liberal
****29 October 186528 June 1866Liberal
****28 June 186627 February 1868Conservative
****27 February 18683 December 1868Conservative
****3 December 186820 February 1874Liberal
****20 February 187423 April 1880Conservative
****23 April 188023 June 1885Liberal
29 June 18851 February 1886Conservative
****1 February 188625 July 1886Liberal
****3 August 188614 January 1887Conservative
14 January 18876 October 1891Conservative
6 October 189115 August 1892Conservative
****15 August 18925 March 1894Liberal
****5 March 189425 June 1895Liberal
******25 June 18955 December 1905Conservative
****5 December 19053 April 1908Liberal
****8 April 19085 December 1916Liberal
****6 December 191619 October 1922Liberal

Thereafter the posts of first lord and prime minister have continually been held by the same person .

Notes

References

Source

References

  1. "First Lord of the Treasury". gov.uk.
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