Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 26 Ebrill 1960.
Sir Kenneth Pickthorn
, Carlton
12:00,
26 Ebrill 1960
asked the Chancellor of the exchequer (1) what is estimated to be the likely yield if fringe benefits to employees were effectively taxed at their money value;
(2) what he estimates would be the additional revenue obtained if expenses on entertainment were wholly disallowed.
Mr Derick Heathcoat-Amory
, Tiverton
I regret the information is not available.
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.
