Municipal Loans (Conversion)

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

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Photo of Mr William Thorne Mr William Thorne , West Ham Plaistow

Will the Chancellor arrange that the local authorities who wish to convert shall go into the money market when the Government are not in it?

Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.