Part of Oral Answers to Questions — Finance Bill. – in the House of Commons at on 27 May 1924.
Mr Benjamin Smith
, Bermondsey Rotherhithe
asked the Chancellor of the exchequer if he is aware that London taximeter cabs have to pay £14 per annum horse-power tax, whereas the rest of Great Britain only pay £12; and can he see his way to reduce the London tax to £12, thus bringing London into line?
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.
