120-482: King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee The Bank of England
240-579: A COVID-19 vaccine in February 2021. Charles attended the November 2021 ceremonies to mark Barbados's transition into a parliamentary republic , abolishing the position of monarch of Barbados . He was invited by Prime Minister Mia Mottley as the future Head of the Commonwealth; it was the first time that a member of the royal family attended the transition of a realm to a republic. In May of
360-507: A "significant moment for Anglo-Irish relations ". Commonwealth heads of government decided at their 2018 meeting that Charles would be the next Head of the Commonwealth after the Queen. The head is chosen and therefore not hereditary. In March 2019, at the request of the British government, Charles and Camilla went on an official tour of Cuba, making them the first British royals to visit
480-668: A biannual Financial Stability Report. The bank provides wholesale banking services to the UK Government (and to over a hundred overseas central banks). It manages the UK's Exchange Equalisation Account on behalf of HM Treasury and it maintains the government's Consolidated Fund account. It also manages the country's foreign exchange reserves and is custodian of the UK's (and others') gold reserves . The bank also offers 'liquidity support and other services to banks and other financial institutions'. Commercial banks customarily keep
600-404: A break for tea at 5:00 p.m. and eats dinner at 8:30 p.m., returning to work until midnight or after. Ahead of Christmas dinner in 2022, Charles confirmed to animal rights group PETA that foie gras would not be served at any royal residences; he had stopped the use of foie gras at his own properties for more than a decade before becoming king. During a September 2023 state banquet at
720-405: A civil ceremony at Windsor Castle , with a subsequent religious blessing at the castle's St George's Chapel . The wedding venue was changed to Windsor Guildhall after it was realised a civil marriage at Windsor Castle would oblige the venue to be available to anyone who wished to be married there. Four days before the event, it was postponed from the originally scheduled date of 8 April until
840-474: A joint visit would concentrate media attention on the cousins before they could decide on becoming a couple. In August 1979, before Charles would depart alone for India, Mountbatten was assassinated by the Irish Republican Army . When Charles returned, he proposed to Amanda. But in addition to her grandfather, she had lost her paternal grandmother and younger brother in the bomb attack and
960-493: A large personal power base in the party. Perhaps as a result, Tony Blair chose to keep him in the same position throughout his ten years as prime minister; making Brown an unusually dominant figure and the longest-serving chancellor since the Reform Act of 1832. This has strengthened a pre-existing trend towards the chancellor occupying a clear second position among government ministers, elevated above their traditional peers,
1080-553: A parachute training course at RAF Brize Norton two years later, after being appointed colonel-in-chief of the Parachute Regiment in 1977. Charles gave up flying after crash-landing a BAe 146 in Islay in 1994, as a passenger who was invited to fly the aircraft; the crew was found negligent by a board of inquiry. In his youth, Charles was amorously linked to a number of women. His girlfriends included Georgiana Russell,
1200-511: A political team of four junior ministers and by permanent civil servants . The most important junior minister is the chief secretary to the Treasury , a member of the Cabinet, to whom the negotiations with other government departments on the details of government spending are delegated, followed by the paymaster general , the financial secretary to the Treasury and the economic secretary to
1320-667: A private meeting in 2013. The Charity Commission described the decision to accept donations as a "matter for trustees" and added that no investigation was required. Chancellor of the Exchequer The chancellor of the exchequer , often abbreviated to chancellor , is a senior minister of the Crown within the Government of the United Kingdom , and head of Treasury . As one of the four Great Offices of State ,
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#17327721730101440-584: A privilege for employees. Previously, the bank had maintained private and commercial accounts for all sorts of customers, including individuals, small businesses and public organisations; but a change of policy following the First World War saw the bank increasingly withdraw from this type of business to focus more clearly on its central banking role. During the Nine Years' War , the Royal Navy
1560-497: A prominent critic of the adoption of genetically modified food , while his support for alternative medicine has been criticised. He has authored or co-authored 17 books . Charles became king upon his mother's death in 2022. At the age of 73, he was the oldest person to accede to the British throne, after having been the longest-serving heir apparent and Prince of Wales in British history. Significant events in his reign have included his coronation in 2023 and his cancer diagnosis
1680-413: A relationship with Major James Hewitt , the family's former riding instructor. Charles and Diana's evident discomfort in each other's company led to them being dubbed " The Glums " by the press. Diana exposed Charles's affair with Parker Bowles in a book by Andrew Morton, Diana: Her True Story . Audio tapes of her own extramarital flirtations also surfaced, as did persistent suggestions that Hewitt
1800-466: A result of injuries sustained in a car crash the following year. In 2005, Charles married his long-term partner, Camilla Parker Bowles . As heir apparent, Charles undertook official duties and engagements on behalf of his mother. He founded the Prince's Trust in 1976, sponsored the Prince's Charities , and became patron or president of more than 800 other charities and organisations. He advocated for
1920-488: A shot with a .22 rifle at the Queen in 1981, attempted to escape a psychiatric hospital in order to assassinate Charles, who was visiting New Zealand with Diana and William. While Charles was visiting Australia on Australia Day in January 1994, David Kang fired two shots at him from a starting pistol in protest of the treatment of several hundred Cambodian asylum seekers held in detention camps. In 1995, Charles became
2040-467: A sizeable proportion of their cash reserves on deposit at the Bank of England. These central bank reserves are used by the banks to settle payments with one another; (for this reason the Bank of England is sometimes called 'the bankers' bank'). In exceptional circumstances, the Bank may act as the lender of last resort by extending credit when no other institution will. As a regulator and central bank,
2160-561: A speech at the state banquet, he acknowledged "abhorrent and unjustifiable acts of violence", but did not formally apologise. In May 2024, the British prime minister Rishi Sunak asked the King to call a general election ; subsequently royal engagements which could divert attention from the election campaign were postponed. In June 2024, Charles and Camilla travelled to Normandy to attend the 80th anniversary commemorations of D-Day . The same month, he received Emperor Naruhito of Japan during
2280-508: A statutory regulator . The bank's headquarters have been in London's main financial district, the City of London , since 1694, and on Threadneedle Street since 1734. It is sometimes known as "The Old Lady of Threadneedle Street", a name taken from a satirical cartoon by James Gillray in 1797. The road junction outside is known as Bank Junction . The bank, among other things, is custodian to
2400-420: A suitable, attractive, and sweet-charactered girl before she has met anyone else she might fall for ... It is disturbing for women to have experiences if they have to remain on a pedestal after marriage". Early in 1974, Mountbatten began corresponding with 25-year-old Charles about a potential marriage to Amanda Knatchbull , Mountbatten's granddaughter. Charles wrote to Amanda's mother, Lady Brabourne , who
2520-609: A week of engagements each summer, and attending important national occasions, such as opening the Senedd . The six trustees of the Royal Collection Trust met three times a year under his chairmanship. Charles also represented his mother at the independence celebrations in Fiji in 1970, The Bahamas in 1973, Papua New Guinea in 1975, Zimbabwe in 1980, and Brunei in 1984. In 1983 Christopher John Lewis , who had fired
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#17327721730102640-506: Is King of the United Kingdom and the 14 other Commonwealth realms . Charles was born in Buckingham Palace during the reign of his maternal grandfather, King George VI , and became heir apparent when his mother, Queen Elizabeth II , acceded to the throne in 1952. He was created Prince of Wales in 1958 and his investiture was held in 1969. He was educated at Cheam School and Gordonstoun , and later spent six months at
2760-500: Is Prince Harry's father, based on a physical similarity between Hewitt and Harry. However, Harry had already been born by the time Diana's affair with Hewitt began. In December 1992, John Major announced the couple's legal separation in the House of Commons . Early the following year, the British press published transcripts of a passionate, bugged telephone conversation between Charles and Parker Bowles that had taken place in 1989, which
2880-411: Is empowered to act in the event of a bank failure 'to protect the UK's vital financial services and financial stability'. Between 1715 and 1998, the Bank of England managed Government Stocks (which formed the bulk of the national debt ): the bank was responsible for issuing stocks to stockholders, paying dividends and maintaining a register of transfers; however in 1998, following the decision to grant
3000-440: Is his duty to distribute as fairly as he can." The chancellor has considerable control over other departments as it is the Treasury that sets Departmental Expenditure Limits. The amount of power this gives to an individual chancellor depends on their personal forcefulness, their status within their party and their relationship with the prime minister. Gordon Brown , who became chancellor when Labour came into Government in 1997, had
3120-758: Is missed the Governor is required to write an open letter to the Chancellor of the Exchequer explaining the situation and proposing remedies. Other than setting the base interest rate, the main tool at the bank's disposal in this regard is quantitative easing . The bank has a monopoly on the issue of banknotes in England and Wales and regulates the issuance of banknotes by commercial banks in Scotland and Northern Ireland. (Scottish and Northern Irish banks retain
3240-549: Is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government 's banker and debt manager, and still one of the bankers for the Government of the United Kingdom , it is the world's eighth-oldest bank . The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by
3360-552: The Attlee ministry . In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as
3480-505: The Bank of England was granted independent control of its interest rates. Since 1718, all chancellors of the exchequer, except at times the lord chief justice as interim holders, have been members of the House of Commons , with Lord Stanhope being the last chancellor from the House of Lords . The office holder works alongside the other Treasury ministers and the permanent secretary to
3600-703: The British Armed Forces . In October 1967, he was admitted to Trinity College, Cambridge , where he studied archaeology and anthropology for the first part of the Tripos and then switched to history for the second part. During his second year, he attended the University College of Wales in Aberystwyth , studying Welsh history and the Welsh language for one term. Charles became
3720-407: The House of Commons . The budget is a state secret until the chancellor reveals it in the speech given to Parliament. Hugh Dalton , on his way to giving the budget speech in 1947, inadvertently blurted out key details to a newspaper reporter, and they appeared in print before he made his speech. Dalton was forced to resign. Although the Bank of England is responsible for setting interest rates,
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3840-556: The Metropolitan Police inquiry team as a part of Operation Paget , Charles told the authorities that he did not know about his former wife's note from 1995 and could not understand why she had those feelings. In 1999 Charles and Parker Bowles made their first public appearance as a couple at the Ritz London Hotel , and she moved into Charles's official residence, Clarence House , in 2003. Their engagement
3960-636: The Palace of Versailles , it was reported that he did not want foie gras or out-of-season asparagus on the menu. Instead he was served lobster. Since founding the Prince's Trust in 1976, using his £7,500 of severance pay from the Navy, Charles has established 16 more charitable organisations and now serves as president of each. Together, they form a loose alliance, the Prince's Charities , which describes itself as "the largest multi-cause charitable enterprise in
4080-674: The Royal Maundy at Worcester Cathedral . He made his first major public appearance since his cancer diagnosis at the Easter service held at St George's Chapel, Windsor Castle , on 31 March. In April 2024, it was announced that he would resume public-facing duties after making progress in his cancer treatment. As early as 1985, Charles was questioning meat consumption. In the 1985 Royal Special television programme , he told host Alastair Burnet that "I actually now don't eat as much meat as I used to. I eat more fish." He also pointed out
4200-664: The Timbertop campus of Geelong Grammar School in Victoria, Australia. After completing a history degree from the University of Cambridge , Charles served in the Royal Air Force and the Royal Navy from 1971 to 1976. In 1981, he married Lady Diana Spencer . They had two sons, William and Harry . Charles and Diana divorced in 1996, after they had each engaged in well-publicised extramarital affairs. Diana died as
4320-413: The bank rate ), which is decided by the bank's Monetary Policy Committee (MPC). (The MPC has devolved responsibility for managing monetary policy ; HM Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances", but Parliament must endorse such orders within 28 days.) As of 2024 the inflation target is 2%; if this target
4440-478: The foreign secretary and home secretary . One part of the chancellor's key roles involves the framing of the annual year budget . As of 2017, the first is the Autumn Budget , also known as Budget Day which forecasts government spending in the next financial year and also announces new financial measures. The second is a Spring Statement , also known as a "mini-Budget". Britain's tax year has retained
4560-516: The lord chief justice of the King's Bench has acted as interim Chancellor. The last peer to hold the office was Henry Booth, 2nd Baron Delamer (created Earl of Warrington shortly after leaving office) from 9 April 1689 to 18 March 1690. The chancellor holds the formerly independent office of Master of the Mint as a subsidiary office. The chancellor of the Exchequer has no official London residence as such but since 1828 in their role as Second Lord of
4680-552: The "wider public good" rather than as extra funding for the monarchy. It was announced that the funding of the monarchy would be reduced to 12 per cent of the Crown Estate 's net profits. Charles and Camilla have engaged in three state visits and received three. In November 2022 they hosted the South African president, Cyril Ramaphosa , during the first official state visit to Britain of Charles's reign. In March
4800-669: The 1990s) have also worn it when attending the Trial of the Pyx as Master of the Mint. According to George Osborne, the robe (dating from Gladstone's time in office, and worn by the likes of Lloyd George and Churchill ) 'went missing' during Gordon Brown's time as chancellor. Although the Kingdoms of Great Britain and Ireland had been united by the Acts of Union 1800 , the Exchequers of
4920-589: The 1998 International Day for the Elimination of Racial Discrimination . Charles was one of the first public figures to express strong concerns about the human rights record of the Romanian dictator Nicolae Ceaușescu , initiating objections in the international arena, and subsequently supported the FARA Foundation, a charity for Romanian orphans and abandoned children. Two of Charles's charities,
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5040-536: The Bank of England has not offered consumer banking services for many years, but it still does manage some public-facing services (such as exchanging superseded bank notes). Until 2017, Bank staff were entitled to open current accounts directly with the Bank of England and were given the unique sort code of 10-00-00. Under the terms of the Banking Act 2009 the bank is the UK's Resolution Authority for any bank or building society judged ' too big to fail '; as such it
5160-458: The Bank's Governor and Deputy Governors, and has the right of consultation over the appointment of the two remaining MPC members from within the Bank. The Act also provides that the Government has the power to give instructions to the Bank on interest rates for a limited period in extreme circumstances. This power has never been officially used. At HM Treasury the chancellor is supported by
5280-483: The British throne, at the age of 73. The previous record holder, William IV , was 64 when he became king in 1830. Charles gave his first speech to the nation at 6 pm on 9 September, in which he paid tribute to his mother and announced the appointment of his elder son, William, as Prince of Wales. The following day, the Accession Council publicly proclaimed Charles as king, the ceremony being televised for
5400-566: The Debt Management Office and custodian of its securities . Ever since its foundation in 1694, the bank had provided a retail banking service for the Government; however in 2008 it decided to withdraw from offering these services, which are now provided by a range of other financial institutions and managed by the Government Banking Service . Until 2016, the bank provided personal banking services as
5520-619: The English government to borrow the £1.5m that it wanted to use to expand the Royal Navy. In 1691, William Paterson had proposed establishing a national bank as a means of bolstering public finances. As he later wrote in his pamphlet A Brief Account of the Intended Bank of England (1694): "...it was proposed some years ago that a publick transferrable Fund of Interest should be established by Parliament, and made convenient for
5640-497: The King and Queen toured Australia and Samoa; it was their first visit to a Commonwealth realm since his accession. In Samoa, Charles attended the Commonwealth Heads of Government Meeting for the first time as head of the Commonwealth. The tour was significantly scaled back owing to his cancer diagnosis, a planned visit to New Zealand being among the cancelled events. Charles temporarily paused cancer treatment during
5760-536: The King's Bench would act as chancellor pro tempore . The last lord chief justice to serve in this way was Lord Denman in 1834. The chancellor is the third-oldest major state office in English and British history, and in recent times has come to be the most powerful office in British politics after the prime minister. It originally carried responsibility for the Exchequer , the medieval English institution for
5880-466: The Prince's Foundation and the Prince of Wales's Charitable Fund (later renamed the King's Foundation and King Charles III Charitable Fund, respectively), came under scrutiny in 2021 and 2022 for accepting donations the media deemed inappropriate. In August 2021, it was announced that the Prince's Foundation was launching an investigation into the reports, with Charles's support. The Charity Commission also launched an investigation into allegations that
6000-549: The Prince's Trust in 1976 and travelling to the United States in 1981. In the mid-1970s, he expressed an interest in serving as governor-general of Australia , at the suggestion of Australian prime minister Malcolm Fraser ; however, because of a lack of public enthusiasm, nothing came of the proposal. In reaction, Charles commented, "so, what are you supposed to think when you are prepared to do something to help and you are just told you're not wanted?" Charles served in
6120-632: The Queen in December 1995 to end the marriage. The couple shared custody of their children. Diana was killed in a car crash in Paris on 31 August 1997. Charles flew to Paris with Diana's sisters to accompany her body back to Britain. In 2003 Diana's butler Paul Burrell published a note that he claimed had been written by Diana in 1995, in which there were allegations that Charles was "planning 'an accident' in [Diana's] car, brake failure and serious head injury", so that he could remarry. When questioned by
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#17327721730106240-739: The Receipts and Payments in and about the Cities of London and Westminster; and to constitute a Society of Money'd Men for the government thereof, who should be induced by their Interest to exchange for Money the Assignments upon the Fund, at every demand". While his scheme was not immediately acted upon, it did provide the basis for the bank's first Charter and the legislation which made its establishment possible. King Charles III Charles III (Charles Philip Arthur George; born 14 November 1948)
6360-608: The Republic of Ireland in May 2015. The British Embassy called the trip an important step in "promoting peace and reconciliation". During the trip, he shook hands in Galway with Gerry Adams , leader of Sinn Féin and widely believed to be the leader of the IRA , the militant group that had assassinated Lord Mountbatten in 1979. The event was described by the media as a "historic handshake" and
6480-802: The Royal Air Force (RAF) and the Royal Navy. During his second year at Cambridge, he received Royal Air Force training, learning to fly the Chipmunk aircraft with the Cambridge University Air Squadron , and was presented with his RAF wings in August 1971. After the passing-out parade that September, Charles embarked on a naval career and enrolled in a six-week course at the Royal Naval College Dartmouth . He then served from 1971 to 1972 on
6600-607: The Treasury is not a minister but the senior civil servant in the Treasury. The chancellor is obliged to be a member of the Privy Council , and thus is styled the Right Honourable (Rt. Hon.). Because the House of Lords is excluded from financial matters by tradition confirmed by the Parliament Acts , the office is effectively limited to members of the House of Commons; apart from the occasions when
6720-412: The Treasury . The corresponding shadow minister is the shadow chancellor of the Exchequer , and the chancellor is also scrutinised by the Liberal Democrat Treasury spokesperson and the Treasury Select Committee . The current chancellor is Rachel Reeves . The holder of the office of chancellor of the exchequer is ex officio second lord of the Treasury as a member of the commission exercising
6840-426: The Treasury . Whilst not continuously in use, there can also be appointed a commercial secretary to the Treasury and an exchequer secretary to the Treasury . Two other officials are given the title of a secretary to the Treasury , although neither is a government minister in the Treasury: the parliamentary secretary to the Treasury is the Government Chief Whip in the House of Commons ; the permanent secretary to
6960-422: The Treasury they live in the second lord's official residence, No. 11 Downing Street . In 1997, the then first and second Lords, Tony Blair and Gordon Brown respectively, swapped apartments, as the chancellor's larger apartment in No. 11 better accommodated Blair's substantial family (besides himself and his wife, he had three children under 18 upon taking office, and a fourth was born in 2000); meanwhile, Brown
7080-406: The UK's savers, investors and borrowers against threats to the financial system as a whole. Threats are detected by the bank's surveillance and market intelligence functions, and dealt with through financial and other operations (both at home and abroad). The majority of these safeguards were put in place in after the 2007–2008 financial crisis : In 2011 the bank's Prudential Regulation Authority
7200-401: The United Kingdom, raising over £100 million annually ... [and is] active across a broad range of areas including education and young people, environmental sustainability, the built environment, responsible business and enterprise, and international". As Prince of Wales, Charles became patron or president of over 800 other charities and organisations. The Prince's Charities Canada
7320-501: The ancient office of treasurer of the exchequer . As second lord, her official residence is 11 Downing Street in London, next door to the residence of the first lord of the Treasury (a title that has for many years been held by the prime minister ), who resides in 10 Downing Street . While in the past both houses were private residences, today they serve as interlinked offices, with the occupant living in an apartment made from attic rooms previously resided in by servants. Since 1827,
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#17327721730107440-447: The bank operational independence, responsibility for government debt management was transferred to a new Debt Management Office , which also took over Exchequer cash management and responsibility for issuing Treasury bills from the bank in 2000. Computershare took over as the registrar for UK Government bonds ( gilt-edged securities or 'gilts') from the bank at the end of 2004. The bank, however, continues to act as settlement agent for
7560-401: The box, containing the budget speech, to the press before leaving 11 Downing Street for the House of Commons. The original budget box was first used by William Ewart Gladstone in 1853 and continued in use until 1965 when James Callaghan was the first chancellor to break with tradition when he used a newer box. Prior to Gladstone, a generic red despatch box of varying design and specification
7680-407: The chancellor also plays an important part in the monetary policy structure. They set the inflation target which the Bank must set interest rates to meet. Under the Bank of England Act 1998 the chancellor has the power of appointment of four out of nine members of the Bank's Monetary Policy Committee – the so-called 'external' members. They also have a high level of influence over the appointment of
7800-424: The chancellor has always simultaneously held the office of second lord of the Treasury when that person has not also been the prime minister. A previous chancellor, Robert Lowe , described the office in the following terms in the House of Commons, on 11 April 1870: "The Chancellor of the Exchequer is a man whose duties make him more or less of a taxing machine. He is entrusted with a certain amount of misery which it
7920-406: The chancellor is a high-ranking member of the British Cabinet . Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six lords commissioners of the Treasury , responsible for executing the office of the Treasurer of the Exchequer –
8040-402: The code name Operation Golden Orb . Reports before his accession suggested that Charles's coronation would be simpler than his mother's in 1953, with the ceremony expected to be "shorter, smaller, less expensive, and more representative of different faiths and community groups – falling in line with the King's wish to reflect the ethnic diversity of modern Britain". Nonetheless,
8160-408: The collection and auditing of royal revenues. The earliest surviving records which are the results of the exchequer's audit date from 1129 to 1130 under King Henry I and show continuity from previous years. The chancellor has oversight of fiscal policy , therefore of taxation and public spending across government departments . It previously controlled monetary policy as well until 1997, when
8280-399: The conservation of historic buildings and the importance of traditional architecture in society. In that vein, he generated the experimental new town of Poundbury . An environmentalist, Charles supported organic farming and action to prevent climate change during his time as the manager of the Duchy of Cornwall estates, earning him awards and recognition as well as criticism; he is also
8400-421: The coronation was a Church of England rite, including the coronation oath , the anointment , delivery of the orb , and enthronement . In July that year, the royal couple attended a national service of thanksgiving where Charles was presented with the Honours of Scotland in St Giles' Cathedral . In July 2023, Charles asked for the profits from Britain's growing fleet of offshore windfarms to be used for
8520-494: The country. The tour was seen as an effort to form a closer relationship between Cuba and the United Kingdom. Charles contracted COVID-19 during the pandemic in March 2020. Several newspapers were critical that Charles and Camilla were tested promptly at a time when many NHS doctors, nurses and patients had been unable to be tested expeditiously. He tested positive for COVID-19 for a second time in February 2022. He and Camilla, who also tested positive, had received doses of
8640-514: The couple's continuing courtship attracted intense attention from the press and paparazzi. When Charles's father told him that the media speculation would injure Diana's reputation if Charles did not come to a decision about marrying her soon, and realising that she was a suitable royal bride (according to Mountbatten's criteria), Charles construed his father's advice as a warning to proceed without further delay. He proposed to Diana in February 1981, with their engagement becoming official on 24 February;
8760-624: The couple's incompatibility and near 13-year age difference. In 1986, Charles had fully resumed his affair with Camilla Parker Bowles. In a videotape recorded by Peter Settelen in 1992, Diana admitted that, from 1985 to 1986, she had been "deeply in love with someone who worked in this environment." It was assumed that she was referring to Barry Mannakee , who had been transferred to the Diplomatic Protection Squad in 1986, after his managers determined his relationship with Diana had been inappropriate. Diana later commenced
8880-571: The current Zimbabwean regime abhorrent". Charles represented the Queen at the opening ceremony of the 2010 Commonwealth Games in Delhi, India. In November 2010, he and Camilla were indirectly involved in student protests when their car was attacked by protesters. In November 2013, he represented the Queen for the first time at a Commonwealth Heads of Government Meeting , in Colombo , Sri Lanka. Charles and Camilla made their first joint trip to
9000-471: The daughter of Sir John Russell , who was the British ambassador to Spain ; Lady Jane Wellesley , the daughter of the 8th Duke of Wellington ; Davina Sheffield; Lady Sarah Spencer ; and Camilla Shand , who later became his second wife. Charles's great-uncle Lord Mountbatten advised him to "sow his wild oats and have as many affairs as he can before settling down", but, for a wife, he "should choose
9120-1076: The donations meant for the Prince's Foundation had been instead sent to the Mahfouz Foundation. In February 2022, the Metropolitan Police launched an investigation into the cash-for-honours allegations linked to the foundation, passing their evidence to the Crown Prosecution Service for deliberation in October. In August 2023, the Metropolitan Police announced that they had concluded their investigations and no further actions would be taken. The Times reported in June 2022 that, between 2011 and 2015, Charles accepted €3 million in cash from Qatari prime minister Hamad bin Jassim bin Jaber Al Thani . There
9240-431: The first British heir apparent to earn a university degree, graduating in June 1970 from the University of Cambridge with a 2:2 Bachelor of Arts (BA) degree. Following standard practice, in August 1975, his Bachelor of Arts was promoted to a Master of Arts (MA Cantab) degree. Charles was created Prince of Wales and Earl of Chester on 26 July 1958, though his investiture was not held until 1 July 1969, when he
9360-526: The first member of the royal family to visit the Republic of Ireland in an official capacity. In 1997, he represented the Queen at the Hong Kong handover ceremony . At the funeral of Pope John Paul II in 2005, Charles caused controversy when he shook hands with the president of Zimbabwe , Robert Mugabe , who had been seated next to him. Charles's office subsequently released a statement saying that he could not avoid shaking Mugabe's hand and that he "finds
9480-719: The first time. Attendees included Queen Camilla, Prince William, and the British prime minister, Liz Truss , along with her six living predecessors. The proclamation was also read out by local authorities around the United Kingdom. Other realms signed and read their own proclamations, as did Scotland, Wales, Northern Ireland, the British Overseas Territories , the Crown Dependencies , Canadian provinces , and Australian states . Charles and Camilla's coronation took place at Westminster Abbey on 6 May 2023. Plans had been made for many years, under
9600-528: The following day in order to allow Charles and some of the invited dignitaries to attend the funeral of Pope John Paul II . Charles's parents did not attend the marriage ceremony; the Queen's reluctance to attend possibly arose from her position as Supreme Governor of the Church of England . However, his parents did attend the service of blessing and held a reception for the newlyweds at Windsor Castle. The blessing by Archbishop of Canterbury Rowan Williams
9720-547: The following year, Charles attended the State Opening of the British Parliament , delivering the Queen's Speech on behalf of his mother, as a counsellor of state . Charles acceded to the British throne on his mother's death on 8 September 2022. He was the longest-serving British heir apparent , having surpassed Edward VII's record of 59 years on 20 April 2011. Charles was the oldest person to succeed to
9840-523: The following year, the King and Queen embarked on a state visit to Germany; Charles became the first British monarch to address the Bundestag . Similarly, in September, he became the first British monarch to give a speech from France's Senate chamber during his state visit to the country . The following month, Charles visited Kenya where he faced pressure to apologise for British colonial actions. In
9960-513: The following year, the latter of which temporarily suspended planned public engagements. Charles was born at 21:14 ( GMT ) on 14 November 1948, during the reign of his maternal grandfather, King George VI , as the first child of Princess Elizabeth, Duchess of Edinburgh (later Queen Elizabeth II), and Philip, Duke of Edinburgh . He was delivered by Caesarean section at Buckingham Palace. His parents had three more children, Anne (born 1950), Andrew (born 1960) and Edward (born 1964). He
10080-495: The funeral of his great-uncle Lord Mountbatten. Soon, according to Dimbleby, "without any apparent surge in feeling, he began to think seriously of her as a potential bride" and she accompanied him on visits to Balmoral Castle and Sandringham House . Charles's cousin Norton Knatchbull and his wife told Charles that Diana appeared awestruck by his position and that he did not seem to be in love with her. Meanwhile,
10200-473: The guided-missile destroyer HMS Norfolk and the frigates HMS Minerva , from 1972 to 1973, and HMS Jupiter in 1974. That same year, he also qualified as a helicopter pilot at RNAS Yeovilton and subsequently joined 845 Naval Air Squadron , operating from HMS Hermes . Charles spent his last 10 months of active service in the Navy commanding the coastal minehunter HMS Bronington , beginning on 9 February 1976. He took part in
10320-459: The latter's state visit to the United Kingdom. In July the annual Holyrood Week, which is usually spent in Scotland, was shortened so that Charles could return to London and appoint a new prime minister following the general election. After Sunak's Conservatives lost the election to the Labour Party led by Sir Keir Starmer , Charles appointed Starmer as prime minister. In October 2024,
10440-516: The most enjoyable part of his whole education. Upon his return to Gordonstoun, he emulated his father in becoming head boy , and left in 1967 with six GCE O-levels and two A-levels in history and French, at grades B and C respectively. On his education, Charles later remarked, "I didn't enjoy school as much as I might have; but, that was only because I'm happier at home than anywhere else". Charles broke royal tradition when he proceeded straight to university after his A-levels, rather than joining
10560-533: The new box is made of yellow pine, with a brass handle and lock, covered in scarlet leather and embossed with the Royal cypher and crest and the chancellor's title. In his first Budget , in March 2008, Alistair Darling reverted to using the original budget box and his successor, George Osborne, continued this tradition for his first budget, before announcing that it would be retired due to its fragile condition. The key to
10680-581: The north-east of Scotland, beginning classes there in April 1962. He later became patron of Gordonstoun in May 2024. In his 1994 authorised biography by Jonathan Dimbleby , Charles's parents were described as physically and emotionally distant and Philip was blamed for his disregard of Charles's sensitive nature, including forcing him to attend Gordonstoun, where he was bullied. Though Charles reportedly described Gordonstoun, noted for its especially rigorous curriculum, as " Colditz in kilts ", he later praised
10800-404: The official gold reserves of the United Kingdom (and those of around 30 other countries). As of April 2016, the bank held around 5,134 tonnes (5,659 tons) of gold, worth £141 billion. These estimates suggest that the vault could hold as much as 3% of the 171,300 tonnes of gold mined throughout human history. According to its strapline , the bank's core purpose is 'promoting the good of
10920-463: The old Julian end of year: 24 March (Old Style) / 5 April (New Style, i.e. Gregorian). From 1993, the Budget was in spring, preceded by an annual autumn statement. This was then called Pre-Budget Report . The Autumn Statement usually took place in November or December. The 1997, 2001, 2002, 2003, 2006, 2007 , 2008 , 2012 and 2016 budgets were all delivered on a Wednesday, summarised in a speech to
11040-683: The original budget box has been lost. By tradition, the chancellor has been allowed to drink whatever they wish while making the annual budget speech to Parliament. This includes alcohol, which is otherwise banned under parliamentary rules. Previous chancellors have opted for whisky ( Kenneth Clarke ), gin and tonic ( Geoffrey Howe ), brandy and water ( Benjamin Disraeli and John Major ), spritzer ( Nigel Lawson ) and sherry and beaten egg ( William Gladstone ). The chancellors after Clarke, Philip Hammond , George Osborne , Alistair Darling and Gordon Brown , opted for water. In fact Darling drank what
11160-467: The others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the lord chief justice of
11280-410: The people of the United Kingdom by maintaining monetary and financial stability'. This is achieved in a variety of ways: Stable prices and secure forms of payment are the two main criteria for monetary stability. Stable prices are maintained by seeking to ensure that price increases meet the Government's inflation target. The bank aims to meet this target by adjusting the base interest rate (known as
11400-505: The right to issue their own banknotes, but they must be backed one-for-one with deposits at the bank, excepting a few million pounds representing the value of notes they had in circulation in 1845.) In addition the bank supervises other payment systems , acting as a settlement agent and operating Real-time gross settlement systems including CHAPS . In 2024 the bank was settling around £500 billion worth of payments between banks each day. Maintaining financial stability involves protecting
11520-511: The school, stating it had taught him "a great deal about myself and my own abilities and disabilities". He said in a 1975 interview he was "glad" he had attended Gordonstoun and that the "toughness of the place" was "much exaggerated". In 1966 Charles spent two terms at the Timbertop campus of Geelong Grammar School in Victoria, Australia, during which time he visited Papua New Guinea on a school trip with his history tutor, Michael Collins Persse. In 1973 Charles described his time at Timbertop as
11640-461: The societal double standard whereby eating meat is not questioned but eating less meat means "all hell seems to break loose." In 2021, Charles spoke to the BBC about the environment and revealed that, two days per week, he eats no meat nor fish and, one day per week, he eats no dairy products. In 2022, it was reported that he eats a breakfast of fruit salad, seeds, and tea. He does not eat lunch, but takes
11760-411: The then-chancellor, Alistair Darling . The chancellor traditionally carries his or her budget speech to the House of Commons in a particular red despatch box . The so-called ‘Budget Box’ is identical to the cases used by all other government ministers (known as ministerial boxes or "despatch boxes") to transport their official papers, but is better known because the chancellor traditionally displays
11880-587: The tour. In March 1998, Charles had laser keyhole surgery on his right knee. In March 2003 he underwent surgery at King Edward VII's Hospital to treat a hernia injury. In 2008 a non-cancerous growth was removed from his nasal bridge . In January 2024, Charles underwent a "corrective procedure" at the London Clinic to treat benign prostate enlargement , which resulted in the postponement of some of his public engagements. In February, Buckingham Palace announced that cancer had been discovered during
12000-622: The traditional titles of Duke of Cornwall and, in the Scottish peerage, the titles Duke of Rothesay , Earl of Carrick , Baron of Renfrew , Lord of the Isles , and Prince and Great Steward of Scotland . The following year, Charles attended his mother's coronation at Westminster Abbey . When Charles turned five, Catherine Peebles was appointed as governess to oversee his education at Buckingham Palace. He then commenced classes at Hill House School in west London in November 1956. Charles
12120-518: The treatment, but that it was not prostate cancer . Although his public duties were postponed, it was reported Charles would continue to fulfil his constitutional functions during his outpatient treatment. He released a statement espousing his support for cancer charities and that he "remain[ed] positive" on making a full recovery. In March, Camilla deputised for him in his absence at the Commonwealth Day service at Westminster Abbey and at
12240-532: The two Kingdoms were not consolidated until 1817 under the Consolidated Fund Act 1816 ( 56 Geo. 3 . c. 98). For the holders of the Irish office before this date, see Chancellor of the Exchequer of Ireland . Chancellorship Chancellorship Chancellorship Chancellorship Chancellorship Chancellorship Prime Minister Keir Starmer Chancellor of
12360-506: The wedding took place in St Paul's Cathedral on 29 July. Upon his marriage, Charles reduced his voluntary tax contribution from the profits of the Duchy of Cornwall from 50 per cent to 25 per cent. The couple lived at Kensington Palace and Highgrove House , near Tetbury , and had two children: William , in 1982, and Harry , in 1984. Within five years, the marriage was in trouble due to
12480-408: Was also his godmother, expressing interest in her daughter. Lady Brabourne replied approvingly, but suggested that a courtship with a 16-year-old was premature. Four years later, Mountbatten arranged for Amanda and himself to accompany Charles on his 1980 visit to India. Both fathers, however, objected; Prince Philip feared that his famous uncle would eclipse Charles, while Lord Brabourne warned that
12600-641: Was announced on 10 February 2005. The Queen's consent to the marriage – as required by the Royal Marriages Act 1772 – was recorded in a Privy Council meeting on 2 March. In Canada, the Department of Justice determined the consent of the Queen's Privy Council for Canada was not required, as the union would not produce any heirs to the Canadian throne . Charles
12720-529: Was christened Charles Philip Arthur George on 15 December 1948 in the Music Room of Buckingham Palace by the Archbishop of Canterbury , Geoffrey Fisher . George VI died on 6 February 1952 and Charles's mother acceded to the throne as Elizabeth II; Charles immediately became the heir apparent . Under a charter of Edward III in 1337, and as the monarch's eldest son, he automatically assumed
12840-502: Was crowned by his mother in a televised ceremony held at Caernarfon Castle ; the investiture was controversial in Wales owing to growing Welsh nationalist sentiment. He took his seat in the House of Lords the following year and he delivered his maiden speech on 13 June 1974, the first royal to speak from the floor since the future Edward VII in 1884. He spoke again in 1975. Charles began to take on more public duties, founding
12960-542: Was defeated by the French Navy in the 1690 Battle of Beachy Head , causing consternation in the government of William III of England . The English government decided to rebuild the Royal Navy into a force that was capable of challenging the French on equal terms; however, their ability to do so was hampered both by a lack of available public funds and the government's low credit. This lack of credit made it impossible for
13080-485: Was dubbed " Camillagate " and "Tampongate". Charles subsequently sought public understanding in a television film with Dimbleby, Charles: The Private Man, the Public Role , broadcast in June 1994. In an interview in the film, Charles confirmed his own extramarital affair with Parker Bowles, saying that he had rekindled their association in 1986, only after his marriage to Diana had "irretrievably broken down". This
13200-650: Was established in 2010, in a similar fashion to its namesake in Britain. Charles uses his tours of Canada as a way to help draw attention to youth, the disabled, the environment, the arts, medicine, the elderly, heritage conservation, and education. He has also set up the Prince's Charities Australia , based in Melbourne , to provide a coordinating presence for his Australian and international charitable endeavours. Charles has supported humanitarian projects; for example, he and his sons took part in ceremonies that marked
13320-534: Was established to regulate and supervise all major banks, building societies, credit unions, insurers and investment firms in the UK (' microprudential regulation '). The bank also has a statutory supervisory role in relation to financial market infrastructures. At the same time, the bank's Financial Policy Committee (FPC) was set up to identify and monitor risks in the financial system , and to take appropriate action where necessary (' macroprudential regulation '). The FPC publishes its findings (and actions taken) in
13440-483: Was followed by Diana's own admission of marital troubles in an interview on the BBC current affairs show Panorama , broadcast in November 1995. Referring to Charles's relationship with Parker Bowles, she said, "well, there were three of us in this marriage. So, it was a bit crowded." She also expressed doubt about her husband's suitability for kingship. Charles and Diana divorced on 28 August 1996, after being advised by
13560-526: Was named "Standard Water" in reference to, and support of, the London Evening Standard newspaper's campaign to have plain tap water available in restaurants at no charge to customers. The chancellor, as Master of the Mint , has a robe of office, similar to that of the lord chancellor (as seen in several of the portraits depicted below). In recent times, it has only regularly been worn at coronations , but some chancellors (at least until
13680-735: Was no evidence that the payments were illegal or that it was not intended for the money to go to the charity, although, the Charity Commission stated it would review the information and announced in July 2022 that there would be no further investigation. In the same month, The Times reported that the Prince of Wales's Charitable Fund received a donation of £1 million from Bakr bin Laden and Shafiq bin Laden ;– both half-brothers of Osama bin Laden – during
13800-404: Was now reluctant to join the royal family. Charles first met Lady Diana Spencer in 1977, while he was visiting her home, Althorp . He was then the companion of her elder sister Sarah and did not consider Diana romantically until mid-1980. While Charles and Diana were sitting together on a bale of hay at a friend's barbecue in July, she mentioned that he had looked forlorn and in need of care at
13920-417: Was televised. In 1965 Charles undertook his first public engagement by attending a student garden party at the Palace of Holyroodhouse . During his time as Prince of Wales, he undertook official duties on behalf of the Queen, completing 10,934 engagements between 2002 and 2022. He officiated at investitures and attended the funerals of foreign dignitaries. Charles made regular tours of Wales, fulfilling
14040-520: Was the first heir apparent to attend school, rather than be educated by a private tutor. He did not receive preferential treatment from the school's founder and headmaster, Stuart Townend , who advised the Queen to have Charles train in football , because the boys were never deferential to anyone on the football field. Charles subsequently attended two of his father's former schools: Cheam School in Hampshire, from 1958, followed by Gordonstoun , in
14160-491: Was the only member of the royal family to have a civil , rather than a church, wedding in England. British government documents from the 1950s and 1960s, published by the BBC, stated that such a marriage was illegal; these claims were dismissed by Charles's spokesman and explained by the sitting government to have been repealed by the Registration Service Act 1953. The union was scheduled to take place in
14280-419: Was then unmarried and had no children. Dorneywood is the summer residence that is traditionally made available to the chancellor, though it is the prime minister who ultimately decides who may use it. Gordon Brown , on becoming chancellor in 1997, refused to use it and the house, which is set in 215 acres (87 ha) of parkland, was allocated to Deputy Prime Minister John Prescott . In 2007, it reverted to
14400-574: Was used. The practice is said to have begun in the late 16th century, when Queen Elizabeth I 's representative Francis Throckmorton presented the Spanish Ambassador, Bernardino de Mendoza , with a specially constructed red briefcase filled with black puddings . In July 1997, Gordon Brown became the second chancellor to use a new box for the Budget. Made by industrial trainees at Babcock Rosyth Defence Ltd ship and submarine dockyard in Fife,
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