Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 22 Ebrill 1948.
Sir Waldron Smithers
, Orpington
12:00,
22 Ebrill 1948
asked the Chancellor of the exchequer whether, in view of the fact that users of wireless sets who use current from the main do not have to pay Purchase Tax for that current, he will take steps to remove Purchase Tax from radio batteries altogether, and thus avoid discrimination.
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.
