Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 4 Chwefror 1947.
Colonel Sir Alan Gomme-Duncan
, Perth
12:00,
4 Chwefror 1947
asked the Chancellor of the exchequer if he will now remove or reduce the rate of Purchase Tax on damask goods in order to bring them into line with recent adjustments for utility goods of a similar kind.
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.
