Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 12 June 1945.
Mr Aneurin Bevan
, Ebbw Vale
12:00,
12 June 1945
What steps will the Chancellor of the exchequer take to en- sure that they do take a national view of their responsibilities; how are we in this House to ensure that they do so, and to whom are we to address our Questions?
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.
