Bill Presented – in the House of Commons at 12:00 am on 18 December 1973.
Mr. Secretary Walker, supported by Mr. Chancellor of the Exchequer, Mr. Secretary Whitelaw, Mr. Secretary Carr, Mr. Secretary Campbell, Mr. Secretary Peter Thomas, Sir Geoffrey Howe and Mr. Anthony Grant, presented a Bill to amend the law relating to companies and to dealing in securities; and, in connection therewith, to amend the law of bankruptcy and the law relating to the registration of business names: And the same was read the First time; and ordered to be read a Second time tomorrow and to be printed. [Bill 52.]
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.
