Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 28 Ionawr 1947.
Mr Frederick Bellenger
, Bassetlaw
12:00,
28 Ionawr 1947
I ought to say, and I hope it will not embarrass him, that some of the credit is also due to my right hon. Friend the Chancellor of the exchequer.
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.
