Part of the debate – in the House of Commons am 12:00 am ar 20 Rhagfyr 1973.
Gerald Kaufman
, Manchester Ardwick
12:00,
20 Rhagfyr 1973
On Monday the Chancellor said:
These decisions on public expenditure will entail a reduction in the total of the current expenditure which was accepted by the local authorities in England and Wales in the recent rate support grant discussions, and a reduction in the amount of grant previously envisaged for 1974–75."—[OFFICIAL REPORT, 17th December 1973; Vol. 866, c. 964.]
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.
