Bill Presented – in the House of Commons at 1:18 pm on 28 November 2007.
Secretary Ed Balls, supported by The Prime Minister, Mr. Chancellor of the Exchequer, Secretary Des Browne, Mr. Secretary Hutton, Mr. Secretary Hain, Mr. Secretary Woodward, Mr. Secretary Denham, Jim Knight, Caroline Flint, Malcolm Wicks and Mr. David Lammy, presented a Bill to make provision about education and training; and for connected purposes: And the same was read the First time; and ordered to be read a Second time tomorrow, and to be printed. Explanatory notes to be printed. [Bill 12].
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.
