Part of Oral Answers to Questions — Wales – in the House of Commons at 11:30 am on 21 March 2007.
Peter Hain
The Secretary of State for Northern Ireland, The Secretary of State for Wales
11:30,
21 March 2007
That is just a load of rubbish. The hon. Lady clearly does not know what is going on at Airbus. The truth is that Airbus has extra work for its wings as a result of the deal negotiated. The management and unions there are extremely confident about its future, not least because during the past 10 years during which it has succeeded we have had the best economic climate for Airbus and Welsh business ever in our history—and that is because we have had the best Chancellor for British business and Welsh business ever in our history as well.
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.
