Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 27 July 1983.
Mr Kenneth Carlisle
, Lincoln
12:00,
27 July 1983
Despite the Government's achievement during the previous Parliament, does my right hon. Friend accept that tax relief for profit-sharing schemes is available in practice only for the employees of large companies? Will he urge the Chancellor of the exchequer to reconsider methods that have been advanced of extending tax relief to the employees of small companies engaged in share schemes?
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.
