Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 29 March 2001.
Dawn Primarolo
Paymaster General (HM Treasury)
12:00,
29 March 2001
I do not agree with the hon. Gentleman. The package that was introduced in this year's Budget by my right hon. Friend the Chancellor on VAT on contaminated land and on development in disadvantaged areas builds on Lord Rogers' report. It is specifically targeted at the regeneration of contaminated sites in inner-city areas and has been widely welcomed as the right way forward for developing these policies. Indeed, the empty homes initiative welcomed those proposals as the Government recognise how to deal with these problems.
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.