Oral Answers to Questions — National Finance. – in the House of Commons at on 9 September 1941.
Mr Alfred Edwards
, Middlesbrough East
asked the Chancellor of the exchequer whether the increase of 60 per cent, in the Mersey Dock and Harbour Board's town dues and dock rates from 2nd July has increased the cost of Government purchases coming through that port; and by what percentage?
Sir Kingsley Wood
, Woolwich West
The increased cost cannot be accurately ascertained but it is very slight.
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.
