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Oral Answers to Questions — Chancellor of the Exchequer (Speech)

Part of the debate – in the House of Commons at 12:00 am on 9 June 1964.

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Photo of Sir Alec Douglas-Home Sir Alec Douglas-Home , Kinross and West Perthshire 12:00, 9 June 1964

It is no use the hon. Gentleman saying "No", because that is what we have done, and what we are going to do is to make our own inquiries so that when Professor Allen reports we shall be able to take action quickly.

Chancellor of the Exchequer

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.