Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 July 1964.
Mr Tom Iremonger
, Ilford North
12:00,
28 July 1964
asked the Chancellor of the exchequer what steps are taken when valuing property for rating to find out which properties have had central heating installed since the previous valuation; and whether, having regard to the fact that some properties are revalued without account being taken of such installations, he is satisfied that the present methods of valuation take sufficient account of the differences between one ratepayer and another in this respect.
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.
