Treasury written question – answered am ar 8 Ebrill 2010.
Angus MacNeil
Shadow SNP Spokesperson (Scotland), Shadow Spokesperson (Culture, Media and Sport), Shadow Spokesperson (Environment, Food and Rural Affairs)
To ask the Chancellor of the exchequer with reference to Box C4, page 213 of the Budget 2010, what estimate he has made of the net fiscal cost of the Government's financial sector interventions as at 24 March 2010; and when he expects to publish the detailed calculations.
Sarah McCarthy-Fry
Parliamentary Secretary, HM Treasury
Budget 2010 set out that:
"At current market prices the cost of the financial sector interventions net of fees and other income would total £6 billion"
(Financial Statement and Budget Report 2010, p213). Details of the derivation of this figure are given in the text on pages 213 and 214.
Yes1 person thinks so
No1 person thinks not
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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.
