Bills Presented – in the House of Commons at 10:33 am on 19 November 2009.
Presentation and First Reading (
Mr. Chancellor of the Exchequer, supported by the Prime Minister, Secretary David Miliband, Mr. Secretary Straw, Mr. Liam Byrne, Mr. Stephen Timms, Sarah McCarthy-Fry, Ian Pearson and Mr. Pat McFadden, presented a Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make provision for the administration of court funds by the Director of Savings.
Bill read the First time; to be read a Second time on
A proposal for new legislation that is debated by Parliament.
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.
