Part of Oral Answers to Questions — Trade and Commerce. – in the House of Commons at on 27 March 1935.
Sir Geoffrey Mander
, Wolverhampton East
asked the Chancellor of the exchequer in how many cases and what new industrial research work has been undertaken as a result of duties imposed on the recommendation of the Import Duties Advisory Committee; and in what industries increased attention is being devoted to research consequent upon the same cause?
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.
