Part of the debate – in the House of Commons at on 6 December 1920.
The Chancellor:
of the EXCHEQUER (Mr. Chamberlain): I do not follow the explanation of the hon. Member, but there is no foundation for his original allegation.
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.
