Oral Answers to Questions — National Finance. – in the House of Commons at on 17 September 1931.
Mr George Hardie
, Glasgow Springburn
asked the Chancellor of the exchequer whether it is proposed to introduce legislation to cut by 10 per cent. the royal annuities?
Mr Philip Snowden
, Colne Valley
I would refer the hon. Member to the recent announcements in the Press from which he will observe that His Majesty the King and the other members of the Royal Family are by their own wish participating in the movement for the reduction of national expenditure.
Mr George Hardie
, Glasgow Springburn
May I ask if that refers to Royal annuities amounting to £106,000, given to six persons, as follows—[Interruption.]
Lieut-General Edward Fitzroy
, Daventry
We cannot have this information given at Question Time.
Mr George Hardie
, Glasgow Springburn
I am trying to get information. Did the statement which was made in the Press refer only to His Majesty's household, or did it include these annuities, which I desire to read now in order that the Chancellor of the exchequer may inform—
Lieut-General Edward Fitzroy
, Daventry
The hon. Member has had the answer to his question.
Mr George Hardie
, Glasgow Springburn
Only to one section, not to the section in regard to annuities.
Lieut-General Edward Fitzroy
, Daventry
This is not a time for giving information, but a time for eliciting information.
Mr George Hardie
, Glasgow Springburn
What I want to know is whether it applies to annuities—[Interruption.]
Mr Philip Snowden
, Colne Valley
I will look into the matter.
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.
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