Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 23 June 1964.
Mr Willie Hamilton
, Fife West
12:00,
23 June 1964
Is the Chancellor aware that, whatever the policy might be, it has been a shocking failure? Is he not aware that during both stop and go periods throughout the lifetime of this Government the cost of living has gone steadily up and that, since January 1962, food prices have gone up by Is. 8d. in the £, while housing rents have gone up by 2s. 9d. in the £? When might we expect a reissue of the poster, "Mend a Hole in the Purse"?
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.