Oral Answers to Questions — Government Departments. – in the House of Commons at on 5 December 1939.
Sir Smedley Crooke
, Birmingham Deritend
asked the Chancellor of the exchequer whether in view of the fact that standard air-raid shelters are provided free to some at the expense of the general body of taxpayers, he will consider the advisability of making an allowance against the Schedule E or D income of an individual in respect of a basic figure of cost of an air-raid shelter provided by himself for his dependants?
Captain Harry Crookshank
, Gainsborough
No, Sir. I would, however, refer my hon. Friend to the provisions contained in Section 17 of the Finance Act, 1938, for relief from Income Tax, Schedule A, in respect of additions or alterations to buildings which are made solely for the purpose of affording protection in the event of air raids.
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.
