Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 24 February 1959.
Mr. H. Wilson:
Will the Chancellor say whether it is or is not a fact that in this agreement the Government are, in effect, paying between £50 million and £100 million compensation for damage done at Suez, because of the fact that they have failed to press for compensation for the stores and installations taken over by the Egyptians from the Suez base?
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
