The role of Chancellors of the Exchequer in the making of policy is education has attracted the attention of few researchers, and little has been published that seeks systematically and comprehensively to examine this issue. This is remarkable given that, for most of the last 25 years, this office has been filled by four unusually powerful and long-serving figures. In this paper, the authors, drawing on their interview-based studies of the Secretaries of State and of the Permanent Secretaries who have held office at the Department of Education since 1979, consider the influence of Prime Ministers and Chancellors on educational policy over these years. In this context, the bulk of this paper focuses on the role of Nigel Lawson in the making ...