Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 11 March 1947.
Sir Charles Taylor
, Eastbourne
12:00,
11 March 1947
is it not a fact that, during the Debate on the Coinage Bill, the Chancellor of the exchequer said that he was trying to save silver to export to America in settlement of wartime loans, and is it a fact that we are now importing silver from America? Is it a different kind of silver?
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.
