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First Lord of the Treasury
The
First Lord of the Treasury
is the head of the
commission
exercising the ancient office of
Lord High Treasurer
in the
United Kingdom
, and is now always also the
Prime Minister
. This office is not equivalent to the usual position of the "
Treasurer
" in other governments; the closer equivalent of a Treasurer in the
United Kingdom
is the
Chancellor of the Exchequer
.
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