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The election of the new Conservative Party government under Prime Minister Edward Heath in 1970 led to budget cuts under Chancellor of the  Exchequer   Iain Macleod  ( who had earlier called the idea of an Open University blithering nonsense ) .
 title of person: Exchequer, Iain Macleod
Given a phrase that describes the relationship between two words, extract the words and the lexical relationship between them. The output format should be "relation1: word1, word2; relation2: word3, word4". 
Option: cities of residence, top members employees, members, alternate names, origin, state or provinces of residence, title of person, spouse, city of headquarters, NA, founded by, state or province of headquarters, employee of, countries of residence, country of birth, founded, subsidiaries, country of headquarters 
Text: {0} 
Answer:
 title of person: Exchequer, Iain Macleod