Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 11 Tachwedd 1947.
Mr Frederick Erroll
, Altrincham and Sale
12:00,
11 Tachwedd 1947
asked the Chancellor of the exchequer what is the present yield from the taxation of white spirit; and to what extent does this tax raise the price of goods for export which are manufactured with white spirit.
Mr Hugh Dalton
, Bishop Auckland
About £1½ million. A drawback is allowed on exports, the prices of which are not, therefore, raised by the tax.
Mr Frederick Erroll
, Altrincham and Sale
As regards internal consumption, is there by any chance any hope of the tax being reviewed?
Mr Hugh Dalton
, Bishop Auckland
That is another 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.
