Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18 February 1954.
Miss Ward:
asked the Chancellor of the exchequer what amount of money allocated as grants in aid to the Arts Council, since its formation to date, has been made available for the acquisition of a total or partial interest in ballet, opera or theatre companies; and what are the names of the companies.
Mr John Boyd-Carpenter
, Kingston upon Thames
Perhaps the hon. Lady will put that question down.
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.
