Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 11 February 1947.
Mr George Pargiter
, Spelthorne
12:00,
11 February 1947
Is my right hon. Friend aware that this statement will be received with considerable satisfaction by the ratepayers of Middlesex, who have been carrying a very heavy financial burden for many years in preventing this site from being built on, and also by the other contributing authorities who will agree that we have at last found a Chancellor of the exchequer who has a more generous sense of responsibility than previous Chancellors?
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.
