Oral Answers to Questions — Military Training. – in the House of Commons at on 5 June 1939.
Sir Richard Pilkington
, Widnes
asked the Chancellor of the exchequer whether the United States of America, France, Germany, or Italy, have a progressive horse-power tax on motor cars in any way similar to that of this country?
Captain Harry Crookshank
, Gainsborough
There are no taxes in the United States of America, France or Germany corresponding to the horse-power tax on motor cars in this country. In Italy there is a tax on private cars graduated according to the horse power of the vehicle.
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.
