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
Will the Financial Secretary ask the Chancellor of the exchequer whether his recently acquired powers as financial economic dictator of this country have so gone to his head that he has lost all sense of fair play? Will he ask him that?
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.
