Economic Advisory Committee.

Oral Answers to Questions — National Finance. – in the House of Commons at on 30 January 1940.

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Photo of Mr Emanuel Shinwell Mr Emanuel Shinwell , Seaham

asked the Chancellor of the exchequer whether he will state the subjects on which the advice of the Stamp Committee has been sought; whether the committee have made any recommendations in particular, in respect of the liberation of material and labour for the purpose of producing goods for export; and whether any, and which, of the committee's recommendations have been accepted by the Government and applied?

Photo of Mr John Simon Mr John Simon , Spen Valley

As I explained in the course of the Debate on 18th October the committee over which Lord Stamp presides consists of the permanent heads of the Departments concerned with economic affairs. It would be contrary to practice to make public the recommendations of a committee so composed. I need not say, however, that the export trade is one of the matters to which the committee has given a great deal of attention.

Photo of Mr Emanuel Shinwell Mr Emanuel Shinwell , Seaham

Can the right hon. Gentleman say whether any of the committee's recommendations have been accepted by the Government and applied?

Photo of Mr John Simon Mr John Simon , Spen Valley

The ordinary constitutional principle applies that the Government is responsible and I do not know that in practice it is possible to make public whether a recommendation made by a permanent official is or is not accepted by the Government.

Photo of Mr Emanuel Shinwell Mr Emanuel Shinwell , Seaham

Is not the question which rises here one of urgent importance namely, whether it is worth while setting up a committee of this kind unless the House has an assurance that when that committee reports on matters of national importance the Government are willing to accept the recommendation?

Chancellor of the Exchequer

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.