Oral Answers to Questions — National Finance – in the House of Commons at on 25 March 1943.
Mr George Mathers
, Linlithgowshire
asked the Chancellor of the exchequer whether, in view of the increased cost of living and the lower level at which Income Tax takes effect, he will consider making allowances in respect of housekeepers and dependent relatives being maintained in wage-earners homes in respect of whom no Income Tax relief is given at present?
Sir Kingsley Wood
, Woolwich West
As my hon. Friend will appreciate, I cannot anticipate my Budget Statement.
Mr George Mathers
, Linlithgowshire
Will the right hon. Gentleman at least take into consideration the additional hardship that is involved in this particular category of cases in the light of his coming Budget?
Sir Kingsley Wood
, Woolwich West
Yes, Sir; I always take into account what my hon. Friend says to me.
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.
