Part of the debate – in the House of Commons am ar 5 Awst 1924.
Mr George Middleton
, Carlisle
asked the Chancellor of the exchequer whether he is aware that the ether factory at Gretna, owned by the Government, has been disposed of for less than £20,000; whether he will state the amount of the highest bid for this property at the recent sale in Carlisle; the total amount spent by the Government on the factory; and whether he is aware of the keen disappointment felt in the Gretna and Carlisle districts at the sale of the factory?
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.
