Part of the debate – in the House of Commons at on 9 December 1920.
Mr Stanley Baldwin
, Bewdley
The question of an apportionment of the deductions from assessable income between husband and wife by reference to their respective assessable incomes arises only where an application for separate assessment is made, either by the husband or wife, under the provisions of Section 25 of the Finance Act, 1920. The number of such applications is in fact not large, and my right hon. Friend the Chancellor of the exchequer is not aware that any difficulty of the nature suggested in the question has yet occurred in any of these cases, but if the hon. Member has a particular case in mind and will furnish him with the details, he will be happy to have the matter investigated and will communicate to him the result.
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.
