Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 16 Mai 1991.
Thomas McAvoy
, Glasgow Rutherglen
12:00,
16 Mai 1991
To ask the Chancellor of the exchequer in which of the last 10 calendar years total fixed investment fell by more than 9·75 per cent.
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.
