Part of the debate – in the House of Commons at 12:00 am on 9 June 1964.
Mr Michael Maitland Stewart
, Fulham
12:00,
9 June 1964
According to a report in The Times, the Chancellor of the exchequer said that the Government were examining the possibility of additional sources of revenue for local authorities. As that would lie outside the scope of the Allen Committee, what steps are the Government taking to inquire into this matter?
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.
