Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 5 Awst 1947.
Sub-Lieutenant Herschel Austin
, Stretford
12:00,
5 Awst 1947
asked the Chancellor of the exchequer whether he will make a detailed statement outlining the withdrawal in part or whole of food subsidies since January, 1946; and whether he will indicate to the House any proposed revision or removal of such subsidies contemplated by His Majesty's Government for the remainder of the current financial year.
Mr Hugh Dalton
, Bishop Auckland
As I explained in my Budget statement, I estimate this year an increase over last year's in the total of food subsidies. Changes in the selling prices of particular subsidised foods will, in accordance with the usual practice, continue to be announced from time to time by my right hon. Friend the Minister of Food.
Sub-Lieutenant Herschel Austin
, Stretford
In view of the discrimination such a policy must tend to impose on working-class purses, would not the Chancellor seek to obtain the equivalent of these subsidies from increased taxation on distribution of profits, on Surtax and Death Duties, etc.?
Mr Hugh Dalton
, Bishop Auckland
That is very wide of the Question.
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.
Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
