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Class XVI, Vote 8

Part of Waiting Lists – in the House of Commons at 9:57 pm on 4 July 1991.

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Bill ordered to be brought in upon the foregoing resolutions and upon the three resolutions yesterday by the Chairman of Ways and Means, the Chancellor of the Exchequer, Mr. David Mellor, Mr. Francis Maude, Mrs. Gillian Shephard and Mr. John Maples.

Chancellor of the Exchequer

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.