Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 24 February 1959.
Mr Konni Zilliacus
, Manchester, Gorton
12:00,
24 February 1959
asked the Chancellor of the exchequer whether he will take steps to equate the financial position of 18–19 year old youths taking a sandwich course in the engineering industry leading to a technical diploma, who pay tax on their incomes and whose parents are not entitled to child allowances, with the financial position of university students, whose parents benefit by the child allowances and who do not pay Income Tax on their maintenance and vacation grants or on their vacation earnings.
Mr Konni Zilliacus
, Manchester, Gorton
While appreciating that the Chancellor cannot anticipate his Budget Statement, may I ask him if it is not a fact that the sandwich course is a new thing to encourage the development of technicians? Would he look at the question of giving further financial inducements and encouragement to increase the incentive to take these courses?
Mr William Williams
, Manchester Openshaw
Has the Chancellor sympathetically noted what my hon. Friend 'has said, because of the importance of this matter in this new era?
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.
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.