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Chancellor of the Exchequer Geoffrey Howe served in Margaret Thatcher's government from 1979. As Chancellor, Howe was responsible for managing the UK's economy and fiscal policy. He played a key role in implementing Thatcher's economic policies, including privatization, deregulation, and tax cuts. Howe's tenure as Chancellor was marked by both successes and challenges, including the 1981 recession and the 1984-1985 miners' strike.