Part of the debate – in the House of Commons at on 4 July 1939.
Mr Thomas Inskip
, Fareham
I would refer the hon. Member to the reply given by the Chancellor of the exchequer on 21st June to the hon. Member for Govan (Mr. Maclean). I am not at present in a position to add anything to that reply, except to say that the discussions with Mr. Nash are continuing.
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.
