Part of the debate – in the House of Commons am ar 4 Gorffennaf 1939.
Sir Walter Liddall
, Lincoln
asked the Chancellor of the exchequer whether, in order to avoid having to act at the last moment and in a hurry, he will now draft a national scheme to cover risks of war damage to buildings assessable for rates and taxes and circulate it among those concerned; and will he then submit the scheme to Parliament for examination so that there may be adequate time to consider the problem to be met should an emergency arise?
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.
