Oral Answers to Questions — National Finance. – in the House of Commons at on 5 October 1931.
Mr James Hall
, Stepney Whitechapel and St George's
(for Mr. MACLEAN) asked the Chancellor of the exchequer when the minutes of evidence of the Committee on Finance and Industry will be published?
Mr Philip Snowden
, Colne Valley
It is hoped to publish this evidence on Friday. There are two volumes, and I understand that the price for the two will be about £3 5s.
Sir Waldron Smithers
, Chislehurst
Will the Chancellor also cause to be published for the information of Members a verbatim report of the proceedings now being carried on at Scarborough?
Mr Philip Snowden
, Colne Valley
It would not be worth the expenditure.
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.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
