Part of Oral Answers to Questions — Unemployment. – in the House of Commons at on 5 March 1935.
Mr David Logan
, Liverpool Scotland
asked the Chancellor of the exchequer whether, when negotiating with representatives of associations of English local authorities the financial assistance to be given to such authorities by reason of the postponement of the second appointed day, under the Unemployment Act, 1934, he will keep in mind such authorities as the county borough of Bootle where it will be necessary to levy a rate in respect of public assistance equal to 61.15 per cent. of the total rate, as compared with a rate equal to 55.83 per cent. of the total rate had the second appointed day not been cancelled; and whether, in order to assist such authorities when budgeting for the coming financial year, he will indicate the probable date when he will announce the extent of such financial assistance and the date to be fixed as the second appointed day?
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.
