Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 5 August 1947.
Commander Sir Douglas Marshall
, Bodmin
12:00,
5 August 1947
asked the Chancellor of the exchequer how much hard currency has been obtained so far during 1947 as a result of the Government's effort to attract tourist traffic.
Mr Hugh Dalton
, Bishop Auckland
No reliable estimate can yet be given.
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.
