Part of the debate – in the House of Commons at on 14 June 1933.
Mr Winston Churchill
, Epping
I would like to express my sincere congratulations to my right hon. Friend the Chancellor of the exchequer and to His Majesty's Government as one who has laboured at intervals over many years in this very difficult controversial field on the splendid, albeit not final solution which they have found themselves in a position to announce this evening. I would add and it is the only other sentence I intend to utter, that I wish also to express my admiration for the great, wise, generous, comprehending, far-seeing words in which the President of the United States has given a message of peace and hope to all the nations.
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.
