The First Lord of the Treasury is a senior position in the UK government, primarily responsible for overseeing the Treasury, which manages the country's finances. This role is often held by the Prime Minister, who leads the government and makes key decisions about economic policy and public spending. The First Lord plays a crucial role in shaping the nation's budget and financial strategy. In addition to financial duties, the First Lord of the Treasury represents the government in Parliament and is involved in legislative processes. This position is part of the broader Cabinet, which includes other key ministers like the Chancellor of the Exchequer and the Home Secretary.