– in the House of Commons am 12:00 am ar 20 Rhagfyr 1973.
Sir Sydney Chapman
, Birmingham Handsworth
12:00,
20 Rhagfyr 1973
Q4.
Mr Edward Heath
, Bexley
Yes, Sir.
Sir Sydney Chapman
, Birmingham Handsworth
As good public transport communications and ancillary services are crucial to the success of the National Exhibition Centre, will my right hon. Friend confirm that the new British Rail station at Bickenhill and the new air freight terminal at Birmingham Airport will go ahead as planned and will not in any way be held back by the recent announcement of the Chancellor of the exchequer about the cut-back in public expenditure?
Mr Edward Heath
, Bexley
I realise the importance of the two matters mentioned by my hon. Friend. Representatives of the Department of the Environment and the Department of Trade and Industry will be meeting the representatives of the National Exhibition Centre very shortly to discuss the timetable in the light of the announcement by my right hon. Friend the Chancellor.
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.
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.
