Which is the responsibility of the Chancellor of the Exchequer?
Economy
The Chancellor of the Exchequer is the cabinet minister responsible for the economy, overseeing taxation, public spending and financial policy.
Correct answer
Defence
Defence is the responsibility of the Secretary of State for Defence, not the Chancellor of the Exchequer, who focuses on economic matters.
Agriculture
Agriculture falls under a separate Secretary of State; the Chancellor of the Exchequer is solely concerned with economic and financial matters.
Education
Education is the responsibility of the Secretary of State for Education; the Chancellor of the Exchequer handles the economy and public finances.
Explanation
The Chancellor of the Exchequer is the cabinet minister responsible for the economy, taxation, public spending and financial policy.