Part of Oral Answers to Questions — Unemployment. – in the House of Commons at on 5 March 1935.
Miss WARD:
In view of the fact that no figures were available on Thursday last when valuable concessions were granted to local authorities, may I ask whether the Chancellor of the exchequer is usually in the habit of granting concessions without having the necessary information as to the cost to the Treasury?
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.
