Life in the UK test practice question · Government and law
Which minister is responsible for the economy, taxes and the annual Budget?
Answer options
- The Home Secretary
- The Chancellor of the ExchequerCorrect
- The Foreign Secretary
- The Lord Chancellor
Answer: The Chancellor of the Exchequer
The Chancellor leads HM Treasury and sets the Budget. The Lord Chancellor is a different job, linked to the justice system.
Checked 8 November 2026