Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 17 June 1947.
Mr Richard Sargood
, Bermondsey West Bermondsey
12:00,
17 June 1947
asked the Chancellor of the exchequer whether the Government of Palestine is to continue to pay for the Cyprus camps, or whether, in view of the rising cost, His Majesty's Government proposes to bear any part of the expenditure by loan or otherwise.
Mr Hugh Dalton
, Bishop Auckland
His Majesty's Government regard this expenditure as the responsibility of the Government of Palestine. The answer to the second part of the Question is in the negative.
Mr Richard Sargood
, Bermondsey West Bermondsey
In view of the Chancellor's reply, may I take it that Press statements to the contrary are untrue?
Mr Hugh Dalton
, Bishop Auckland
Yes, totally untrue, as many Press statements are.
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.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
