Part of Oral Answers to Questions — National Finance. – in the House of Commons at on 5 March 1935.
Sir Harold Sutcliffe
, Royton
asked the Chancellor of the exchequer whether he is aware of the effect of the entertainments duty upon amateur dramatic societies, which in many cases are in financial difficulties because this tax is absorbing all the profits which would otherwise have gone to charity; and whether he will consider abandoning the tax in regard to these societies as he has done in regard to societies existing to promote interest in music?
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.
