Part of Oral Answers to Questions — Employment – in the House of Commons at 12:00 am on 31 October 1989.
Mr Patrick Nicholls
, Teignbridge
12:00,
31 October 1989
I am sure that Lord King will take great comfort from what the hon. Gentleman says. The Government, including my right hon. Friends the Prime Minister and the Chancellor of the exchequer, have constantly made it clear that we are against unjustified pay increases. If, in the circumstances, a pay rise can be justified, so be it.
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.
