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Until the 19th Century , this commission made most of the economic decisions of Great Britain ( England , before the Act Of Union 1707 ). However, starting during the 1800s, these positions became Sinecure positions, with the First Lord serving almost invariably as Prime Minister , the Second Lord invariably as Chancellor Of The Exchequer (the Exchequer being the modern Treasury of the United Kingdom), and the junior lords serving as assistant Whip s in Parliament . Currently, there are six lords of the treasury:
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