Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 11 March 1947.
Mr Hubert Medland
, Plymouth Drake
12:00,
11 March 1947
asked the Chancellor of the exchequer if he will now announce when payment of war damage claims on total loss, under Part I of the War Damage Act, 1943, will be made; the total number of claims received and the total number paid up to 31st December, 1946, under Part II of the Act.
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.
