Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 5 August 1947.
Mr Ian Mikardo
, Reading
12:00,
5 August 1947
asked the Chancellor of the exchequer whether, in view of the import-export gap, he will reduce the maximum currency allowance for Britons travelling abroad.
Mr Hugh Dalton
, Bishop Auckland
I would ask my hon. Friend to await tomorrow's Debate, when a statement on this subject will be made.
Viscount Hinchingbrooke
, Dorset Southern
Is the right hon. Gentleman aware that the Treasury policy of encouraging our invisible export trade will be frustrated if this proposal is accepted?
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.
