Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 November 1973.
Mr Terence Higgins
, Worthing
12:00,
29 November 1973
The expression of support which the hon. Gentleman is getting from behind him is more an expression of sympathy than of encouragement. If he is seriously suggesting that the overall tax record and the concessions given by the Labour Government are better than those of the Conservative Government, no one could have more disregard for the facts. I repeat that it is important to look at the picture as a whole. The Chancellor has made considerable concessions in other ways which will have a dynamic effect inasmuch as they will encourage contributions to charitable bodies in the future.
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.