Part of Oral Answers to Questions — Unemployment. – in the House of Commons at on 18 February 1935.
Mr David Grenfell
, Gower
asked the Chancellor of the exchequer whether he intends to take any action regarding the loss of confidence in the City of London due to recent commodity speculations?
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.
