Bill Presented – in the House of Commons at 2:30 pm on 19 February 2008.
Mr. Chancellor of the Exchequer, supported by the Prime Minister, Secretary David Miliband, Secretary Jack Straw, Mr. Secretary Hutton, Yvette Cooper, Jane Kennedy, Angela Eagle and Kitty Ussher, presented a Bill to make provision to enable the Treasury in certain circumstances to make an order relating to the transfer of securities issued by, or of property, rights or liabilities belonging to, an authorised deposit-taker; to make further provision in relation to building societies; and for connected purposes: And the same was read the First time; and ordered to be read a Second time and to be printed. Explanatory notes to be printed. [Bill 73].
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.
