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Difficulty: MediumThe Prime Minister and Cabinet

The Cabinet is a group of approximately 20 senior ministers who work with the Prime Minister to lead the government. Which Cabinet minister is responsible for the economy and financial matters of the United Kingdom?

  1. The Chancellor of the ExchequerAnswer
  2. B
    The Monarch
  3. C
    The Speaker of the House of Commons
  4. D
    The Leader of the Opposition

Answer

The Chancellor of the Exchequer is the Cabinet minister responsible for the economy and financial policy.
The Chancellor of the Exchequer is one of the most senior members of the Cabinet and is responsible for the government's financial and economic policy, including setting the budget and managing national finances.

Step-by-Step Solution

1
Identify the structure of the UK Cabinet.
The Cabinet consists of approximately 20 senior ministers appointed by the Prime Minister.
Understanding the composition of the Cabinet is the first step in identifying individual ministerial roles.
2
Differentiate between the political roles within the executive branch.
The Chancellor of the Exchequer is specifically designated as the minister for financial matters.
The 'Life in the UK' handbook identifies specific roles like the Chancellor, Home Secretary, and Foreign Secretary as the most senior Cabinet members.

Key Concept

The Chancellor of the Exchequer's role within the Cabinet
Estimated Time:45s
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Topics

The Prime Minister and Cabinet

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