Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 25 March 1947.
Mr Roland Robinson
, Blackpool South
12:00,
25 March 1947
asked the Chancellor of the exchequer whether he has considered the proposals for a refund of Purchase Tax on chargeable goods held in stock by retail traders as and when remissions or reduction of tax are announced; and whether he is in a position to announce the decision he has reached on the principle involved.
Mr Hugh Dalton
, Bishop Auckland
The hon. and gallant Member will not expect me to anticipate my Budget Statement.
Mr Roland Robinson
, Blackpool South
Does that mean that the right hon. Gentleman is only prepared to do justice to the retail trader once a year?
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.
