Part of Oral Answers to Questions — Wembley Stadium. – in the House of Commons at on 2 May 1923.
Major Sir Archibald Boyd-Carpenter
, Bradford North
The answer to the first part of the question is in the negative. As regards the last part of the question, I have nothing to add to the statements that my right hon. Friend the Chancellor of the exchequer has already made on the reduction of the Beer Duty.
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.
