Bills Presented – in the House of Commons at 2:19 pm on 20 July 2022.
Presentation and First Reading (
The Chancellor of the Exchequer, supported by the Prime Minister, Kit Malthouse, Secretary Greg Clark, Mr Simon Clarke, Lucy Frazer, Alan Mak and Richard Fuller, presented a Bill to make provision about the regulation of financial services and markets; and for connected purposes.
Bill read the First time; to be read a Second time tomorrow, and to be printed (Bill 146) with explanatory notes (Bill 146-EN).
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.
