City Academies

Part of Oral Answers to Questions — Education and Skills – in the House of Commons at 10:30 am on 27 October 2005.

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Photo of Simon Hughes Simon Hughes Shadow Attorney General, Party Chair, Liberal Democrats 10:30, 27 October 2005

What recent discussions she has had with the Chancellor of the exchequer on the effect of value added tax on city academies.

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.