exchequer

By mandating that the spending gaps will be filled by significant tax rises, the strategy here is to communicate overwhelming political pain tolerance to markets that lend money to the exchequer.

Between them, these perks cost the exchequer about £50bn a year.

Labour politicians Matthew Pennycook, the Greenwich and Woolwich MP, and Rachel Reeves MP, the current chancellor of the exchequer and a former junior chess champion, both made representations on their behalf.

The jury is still out on whether 'New Welfarism' is hurting the exchequer.

The whole thing oozed with a sense of perceived imminent power: that the author of the book, The Women Who Made Modern Economics, would soon be chancellor of the exchequer.