Part of Oral Answers to Questions — Budget. – in the House of Commons am ar 12 Mai 1924.
Mr John Remer
, Macclesfield
asked the Chancellor of the exchequer if his attention has been called to the circular issued to their shareholders by the Calthorpe Investments, Limited, advising them, in view of the repeal of the McKenna Duties, to pass a resolution to wind-up the company; if he is aware that this company controls two important manufacturing concerns, Messrs. Calthorpe Motors, Limited, and Messrs. Mulliners, Limited, in Birmingham; and if, in view of this evidence of the unemployment caused by his proposals, he will consent to have a scientific inquiry into the whole subject before the duties are repealed?
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
