Part of Oral Answers to Questions — Trade and Commerce. – in the House of Commons at on 8 March 1939.
Colonel Harry Nathan
, Wandsworth Central
asked the Chancellor of the exchequer whether he is now able to state which of the recommendations of the Income Tax Codification Committee, in its report of March, 1936, His Majesty's Government propose to accept; and when the necessary legislation will be introduced?
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.
