The UK Treasury, officially known as the Her Majesty's Treasury, is the government department responsible for managing the country's finances. It oversees the economic policy, public spending, and the collection of taxes. The Treasury plays a crucial role in preparing the annual budget, which outlines government spending and revenue plans. The Chancellor of the Exchequer heads the Treasury and is a key figure in shaping the UK's economic strategy. The department also works on financial regulations and supports economic growth by implementing policies that affect businesses and individuals across the country.