Treasury written question – answered am ar 26 Mawrth 2024.
James Murray
Shadow Financial Secretary (Treasury)
To ask the Chancellor of the exchequer, with reference to page 37 of his Department's publication entitled, Spring Budget 2024: Policy Costings, published in March 2024, if he will publish the figures used by his Department for the size of the tax base in calculating those costings.
Nigel Huddleston
The Financial Secretary to the Treasury
The policy costing was based on data reflecting business rates receipts and reliefs as reported by local authorities in the National Non-Domestic Rates forms, which are publicly available on the gov.uk website.
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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.
