Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 8 July 1947.
Mr. H. D. Hughes:
asked the Chancellor of the exchequer the amount of currency made available for expenditure by British travellers for commercial and non-commercial purposes, respectively, since the introduction of the basic travel ration and in any recent period.
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.
