Part of Oral Answers to Questions — Transport – in the House of Commons at 9:30 am on 27 June 2013.
Stephen Hammond
The Parliamentary Under-Secretary of State for Transport, Parliamentary Under-Secretary (Department for Transport)
9:30,
27 June 2013
In his spending round statement yesterday, my right hon. Friend the Chancellor announced that the Government will give the Mayor almost £9 billion of capital spending and additional financing power to the end of this decade. We will also consider the case for Crossrail 2. In return, we expect the Mayor to bear down on the running costs of Transport for London. The Chief Secretary to the Treasury will make a statement in a moment about investment in infrastructure, including investment in transport for London.
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.