Oral Answers to Questions — National Finance. – in the House of Commons at on 2 July 1935.
Captain William Strickland
, Coventry
asked the Chancellor of the exchequer whether he has formed any estimate of the proportion of the loss of £1,300,000 in revenue occasioned by the development in the use of Diesel engines which is attributable to road transport and passenger vehicles?
Captain William Strickland
, Coventry
Does not my question ask how much of this amount of revenue was received from road transport and passengers, as against other users of the roads?
Captain William Strickland
, Coventry
What I want to know is how much of this amount which has been lost to the revenue can be allocated to road use, as distinguished from industrial use?
Captain William Strickland
, Coventry
If I put down the question again, will my right hon. Friend be able to give me an answer?
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.