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
asked the Chancellor of the exchequer when he expects the next Commonwealth Economic Conference to be held and, in view of the conflicts which have been revealed between the developing and developed countries attending the United Nations Conference on Trade and Development, if he will take the opportunity at the Economic Conference to raise the role which the Commonwealth can play in helping to resolve such conflicts.
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.
