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Oral Answers to Questions — General Strike and Coal Dispute (Cost).

– in the House of Commons at on 14 March 1929.

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Photo of Mr Joseph Batey Mr Joseph Batey , Spennymoor

48.

asked the Chancellor of the exchequer the chief items of cost upon which he based his estimate that the general strike and the coal lock-out of 1920 cost the Government £80,000,000?

Mr. SAMUEL:

I would refer the hon. Member to the Budget Speech of 1927. The figure of £80,000,000 referred to includes the expenditure on the coal subsidy.

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.