Oral Answers to Questions — British Army. – in the House of Commons am ar 15 Gorffennaf 1925.
Mr Fredric Wise
, Ilford
asked the Chancellor of the exchequer when the Colwyn Committee on the National Debt will make its Report?
Mr. GUINNESS:
As the Chancellor of the exchequer informed the hon. Member on the 5th March last, I do not anticipate that the Committee will be able to complete their labour before the end of this year.
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.
