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Local and Imperial Taxation.

Oral Answers to Questions — Finance Bill. – in the House of Commons at on 27 May 1924.

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Photo of Lieut-Colonel George Windsor-Clive Lieut-Colonel George Windsor-Clive , Ludlow

46.

asked the Chancellor of the exchequer approximately what percentage of the cost of articles produced and manufactured in Great Britain has to be paid in local and imperial taxation?

Mr. GRAHAM:

I regret that the information necessary for such a calculation is not available.

Photo of Lieut-Colonel George Windsor-Clive Lieut-Colonel George Windsor-Clive , Ludlow

47.

asked the Chancellor of the exchequer what is the total annual amount of the local and Imperial taxation in Great Britain; and what is the amount per head of the population?

Mr. GRAHAM:

As the answer is in tabular form, I will, with the hon. and gallant Member's permission, circulate it in the OFFICIAL REPORT.

Following is the table:

—1923–24.
Amount.Per head.
££s.d.
Imperial Taxation708,576,000*1672
Local Rates161,591,0003147
Total870,167,0002019
1924–25.
Imperial Taxation677,410,000*15129
Local RatesNot avail able.
* Budget figures less amount attributable to Northern Ireland.

Chancellor of the Exchequer

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.