Chancellor of the Exchequer

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/chancellor-of-the-exchequer

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the seniority of office?One of the four Great Offices of State
2. What is the departmental headship?Leads His Majesty's Treasury
3. Why is the Chancellor important for the UK’s money?The Chancellor helps keep the country’s economy healthy by choosing how much people pay in taxes and how much the government spends on things like schools and hospitals.
4. How does the Chancellor decide on taxes and spending?The Chancellor looks at economic data, talks with advisors, and then sets tax rates and budgets for different departments to try to grow the economy and keep prices stable.

Fiscal Policy: The use of government revenue collection (taxation) and expenditure to influence the economy.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Exchequer: A medieval institution responsible for the collection and auditing of royal revenues, evolving into the modern Treasury.
Great Offices of State: The four most senior ministerial offices in the UK government: Prime Minister, Chancellor of the Exchequer, Home Secretary, and Foreign Secretary.