Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18 February 1954.
Sir Eric Fletcher
, Islington East
12:00,
18 February 1954
asked the Chancellor of the exchequer the present state of negotiations for a double taxation agreement with the West German Government; and when he expects a convention will be signed.
Mr John Boyd-Carpenter
, Kingston upon Thames
Negotiations are almost complete, but one or two small points remain to be settled. I hope that signature of the agreement will not be long delayed.
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.