Part of the debate – in the House of Commons am 12:00 am ar 4 Rhagfyr 1973.
Mr Edward Heath
, Bexley
12:00,
4 Rhagfyr 1973
I have said quite clearly that the Government extended expenditure beyond the rate of growth. My right hon. Friend the Chancellor told the House at the time of the Budget his calculation of the Government's borrowing requirement. There have been recent indications that the borrowing requirement may not be as great as was earlier thought. That is a very clear position.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
