Part of Oral Answers to Questions — Wembley Stadium. – in the House of Commons at on 2 May 1923.
Mr Philip Snowden
, Colne Valley
Am I to understand from that reply that the Chancellor of the exchequer is not aware of the fact that wages have been reduced all over the country?
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.
