Part of the debate – in the House of Commons at on 13 March 1929.
Sir Clement Kinloch-Cooke
, Cardiff East
asked the Chancellor of the exchequer whether he can state the amount of money now paid annually for social services from the Exchequer and from the rates, respectively; and can he also give the figures for the year preceding the War?
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.
