Part of Oral Answers to Questions — Foreign and Commonwealth Affairs – in the House of Commons am 12:00 am ar 19 Rhagfyr 1973.
Sir Alec Douglas-Home
, Kinross and West Perthshire
12:00,
19 Rhagfyr 1973
My right hon. Friend the Chancellor of the Duchy of Lancaster will be making a statement tomorrow on recent meetings of the Council of Ministers.
At the Council meeting on 17th and 18th December it was not possible to reach agreement on the amount to be allocated to the Regional Development Fund or on proposals relating to energy or on the next stage of economic and monetary union. It was agreed that the Council would have a further meeting to discuss these matters not later than 7th January next.
An informal reference to the Council of the European Union.
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.
