Part of Oral Answers to Questions — Northern Ireland – in the House of Commons at 1:39 pm on 24 March 1999.
Adam Ingram
Minister of State, Northern Ireland Office
1:39,
24 March 1999
Government support for promoting enterprise in Northern Ireland was enhanced by the innovative measures worth £100 million announced in my right hon. Friend the Chancellor's initiative of last May. The Budget provided a further boost for enterprise, with a reduction in corporation tax for small businesses, tax credit for research and development, and new corporate venturing measures. All that is good news for Northern Ireland.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
