Oral Answers to Questions — Budget. – in the House of Commons at on 8 May 1924.
Mr John Black
, Harborough
asked the Chancellor of the exchequer the number of motor cars in each horse-power section upon which taxes were paid in 1923; and the numbers in each section upon which taxes were paid for the first time in 1923?
Mr Harry Gosling
, Stepney Whitechapel and St George's
I have been asked to answer this question. The information asked for is not available, and could not be obtained except at considerable labour and expense, but I am sending the hon. Member a copy of a statement which was issued to the Press on 8th February, 1924, showing the gross proceeds of taxation, under each of the various taxation categories, for the calendar year 1923.
Lieut-Colonel George Windsor-Clive
, Ludlow
asked the Chancellor of the exchequer whether, in view of the present heavy taxation, he can state approximately what is the percentage of Imperial and local taxation which has to be paid by employers and workmen who are engaged in the manufacture of motor cars in this country?
Mr Philip Snowden
, Colne Valley
I would refer the hon. and gallant Member to the answer which I gave on 6th May to the hon. Member for Derbyshire, South (Mr. Lorimer), of which I am sending him a copy.
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.
