Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 22 Ebrill 1948.
Mr Peter Freeman
, Newport (Monmouthshire/Gwent)
12:00,
22 Ebrill 1948
asked the Chancellor of the exchequer whether he is aware that the Purchase Tax on baskets was increased from 5o per cent. to 66⅔ per cent.; that many of these baskets are made by blind people; that it has already caused additional unemployment amongst the blind; and whether he will arrange to relieve such products made by blind people from all Purchase Tax.
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.
