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Chancellor Exchequer facts

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Members are forbidden from eating and drinking in the British Parliamentary chambers with only one exception. The Chancellor of the Exchequer may have an alcoholic beverage while delivering the Budget statement.

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Eating and drinking in the chamber of the British parliament are both strictly prohibited. The sole exception is for the Chancellor of the Exchequer who is allowed an alcoholic drink when delivering the Budget statement.

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  1. Alcohol is prohibited from the Parliament of the United Kingdom with the notable exception that the Chancellor of the Exchequer may drink whatever he or she wishes while delivering the budget. The current Chancellor drinks water.

  2. The Townshend Acts were named after Charles Townshend, the British Chancellor of the Exchequer (Treasurer), and the taxes were imposed on glass, lead, paint, paper, and tea.

  3. The British Chancellor of the Exchequer is allowed to drink alcohol in the House of Commons during the budget speech, and some, including Benjamin Disraeli, have actually done so.

  4. Before becoming prime minister, Lloyd held a number of important government positions, including: President of the Board of Trade, Chancellor of the Exchequer, and the Secretary for the State for War in 1916.

  5. The only person in the British parliament allowed to drink in the chamber is the Chancellor of the Exchequer, who is allowed an alcoholic drink while delivering the Budget statement.

  6. In 1925 Winston Churchill reintroduced the gold standard, which caused a severe recession - he later said that he was the worst Chancellor of the Exchequer ever

  7. The UK sold half of its gold from 1999 to 2002 at an average price of $282.40 per ounce (lowest in 20 years). In 2001 the price began rising; by 2012 the price of gold was more than $1,800 per ounce. Chancellor of the Exchequer Gordon Brown's decision became known as "Brown's Bottom".

  8. During the financial crisis (2008) Hank Paulson of Lehman Brothers met with Alistair Darling, chancellor of the exchequer, to oversee Barclays bid for Lehmann Brothers. Darling expressed reservations and blocked the deal. 3 days later Lehman Brothers filed for bankruptcy.

  9. 10 Downing Street is the official residence of the UK Prime Minister, but they more commononly live above number 11. The opposite is said for the Chancellor of the Exchequer

  10. In 1925, Winston Churchill, as Chancellor of the Exchequer, put British currency back onto the gold standard. The results were anything but favourable.

chancellor exchequer facts
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