Gold

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 November 1973.

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Photo of Mr Tam Dalyell Mr Tam Dalyell , West Lothian 12:00, 29 November 1973

Why did the Chancellor agree to a decision which, at least in its timing, will give yet one more nudge to the inflationary upsurge throughout the world?

Chancellor

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.