Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 23 June 1964.
Mr Albert Oram
, East Ham South
12:00,
23 June 1964
Is it not a fact that during the first three months of this year the trade deficit was running at an average annual rate of about £360 million a year, and is not this a very serious situation indeed? Will the Chancellor avoid the habit, which some of his supporters in the Press and the House adopt, of spreading sunshine stories when there is an isolated good month? Is it not the case that the good months are good only compared with the others, which are atrocious?
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.
