Oral Answers to Questions — National Finance. – in the House of Commons at on 28 June 1933.
Mr William Leonard
, Glasgow St Rollox
asked the Chancellor of the exchequer the total amount of Surtax collected in 1931 from the 12,000 persons who in 1932 dropped below the level at which liability to Surtax would fall upon them?
Mr Leslie Hore-Belisha
, Plymouth, Devonport
I regret that this information is not available.
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.
