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What does the chancellor of exchequer do?

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Relevant answers:

What is the chancellor of exchequer?
The minister who is in charge of finance, the treasury, taxes and government spending. Usually considered second-in-command of the British Government, and always an MP. The current Chancellor is...
Who is the Chancellor of the Exchequer?
The current Chancellor (2009) is Alastair Darling.
Who is Chancellor of exchequer?
Ashley Neil Horne is the chancellor of the exchequer. just for any tmb fans;)this is charlie:D
Where does the chancellor of the exchequer live?
me me me me
How would you greet the chancellor of the exchequer?
You'd address them as "Chancellor" or "Sir".