Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 20 March 1956.
Lieut-Colonel Sir Thomas Moore
, Ayr
12:00,
20 March 1956
asked the Chancellor of the exchequer what reply he has received from the Governor of the Bank of England in respect of the proposal to alter the size and texture of the £5 note.
Mr Henry Brooke
, Hampstead
I have been assured by the Bank of England that they will give full weight to the suggestion put forward by my hon. Friend, amongst others.
Lieut-Colonel Sir Thomas Moore
, Ayr
In view of the widespread desire amongst wage earners who now receive these notes, and also amongst bank tellers who have to count them, to have notes of a more suitable size, I think I must advise my right hon. Friend that I shall raise the matter on the Adjournment.
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.
