Part of the debate – in the House of Commons at 12:00 am on 9 June 1964.
Sir Alec Douglas-Home
, Kinross and West Perthshire
12:00,
9 June 1964
It is the extra expenditure on education which, I think, is largely responsible for this problem. If not now, at least it raises problems for the future, and it is these problems which we are studying and on which, I hope, in future we shall be able to act sensibly.
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.
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