In the UK, senior cabinet minister responsible for the national economy. The office, established under Henry III, originally entailed keeping the Exchequer seal. The chancellor of the Exchequer, from June 2007, is Alistair Darling.
The large star symbolizes the common programme of the Communist Party. The small stars represent the four economic classes: peasants, workers, petty bourgeoisie, and ‘patriotic capitalists’. Effective date: 1 October 1949.