– in the House of Commons at 9:47 pm on 27 November 2023.
King’s recommendation signified.
Resolved,
That, for the purposes of any Act of the present Session relating to finance, it is expedient to authorise the payment out of money provided by Parliament of—
(a) any expenditure incurred by the Commissioners for His Majesty's Revenue and Customs in respect of credits to companies in respect of expenditure on research and development, and
(b) any expenditure incurred by the Commissioners for His Majesty's Revenue and Customs in respect of credits to companies in respect of expenditure on the production of films, television programmes or video games.
Ordered,
That a Bill be brought in upon the foregoing Resolutions;
That the Chairman of Ways and Means, the Prime Minister, the Chancellor of the Exchequer, Laura Trott, Bim Afolami, Gareth Davies and Nigel Huddleston bring in the Bill.
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.
