Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 July 1959.
Sir Gerald Nabarro
, Kidderminster
12:00,
28 July 1959
asked the Chancellor of the exchequer whether he is aware that British participation in the Outer Seven arrangements will create an invidious distinction in the matter of foreign travel allowance granted to British nationals, in that £100 maximum per annum is imposed for all countries oversea except Sweden, Norway and Denmark, where an additional £250 is granted; and, as an overture to all participating members of the Outer Seven arrangements, whether he will now increase the £100 foreign travel allowance to £250, so that all British travellers to all Outer Seven countries may have a maximum equal to the present Scandinavian £250 maximum; and whether he will make a statement.
Sir Gerald Nabarro
, Kidderminster
Will my right hon. Friend bear in mind that a thoroughly invidious position would arise if the British foreign travel allowance for the three Scandinavian members of the Outer Seven were two and a half times the maximum rate applicable to the other three, namely, Austria, Switzerland and Portugal? Is it not desirable at an early date to make these arrangements uniform and non-discriminatory in character?
Mr Frederick Bellenger
, Bassetlaw
Nevertheless, would the right hon. Gentleman bear in mind that if this arrangement is completely sucessful it will approximate to the sterling area arrangements and that therefore he should do as the hon. Member for Kidderminster (Mr. Nabarro) has suggested and give travellers from this country facilities which they enjoy now in the sterling area?
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.