– in the House of Commons at 9:47 pm on 5 March 1992.
Resolved,That a further sum not exceeding £3,031,401,000 be granted to Her Majesty out of the Consolidated Fund to complete or defray the charges for Defence and Civil Services for the year ending on 31st March 1992, as set out in House of Commons Paper No. 226.
Bill ordered to be brought in upon the three resolutions this day relating to supplementary estimates 1991–92 and estimates, excesses 1990–91 by the Chairman of Ways and Means, Mr. Chancellor of the Exchequer, Mr. David Mellor, Mr. Francis Maude, Mrs. Gillian Shephard and Mr. John Maples.
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.
The House of Commons is one of the houses of parliament. Here, elected MPs (elected by the "commons", i.e. the people) debate. In modern times, nearly all power resides in this house. In the commons are 650 MPs, as well as a speaker and three deputy speakers.
