Oral Answers to Questions — Government Departments. – in the House of Commons at on 5 December 1939.
Miss Ward:
asked the Chancellor of the exchequer in view of the continued rising trend of prices in this country and the steadiness of French prices, what steps, in order to operate the proposed economic unification of the British and French Empires, he intends to take to adjust the disequilibrium between the price level in the two allied countries?
Captain Harry Crookshank
, Gainsborough
I cannot accept my hon. Friend's implication that there is disequilibrium between the price level in France and this country. The steps which are being taken by the Government to prevent any undue increase in prices were fully described in the reply given to my hon. Friend by my right hon. Friend the Prime Minister on 8th November.
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.
