Part of Bills Presented – in the House of Commons at 10:38 am on 25 July 2024.
Presentation and First Reading (
Secretary Edward Miliband, supported by the Prime Minister, Secretary Angela Rayner, the Chancellor of the Exchequer, Secretary Jonathan Reynolds, Secretary Peter Kyle, Secretary Hilary Benn, Secretary Ian Murray, Secretary Jo Stevens, and Secretary Steve Reed presented a Bill to make provision about Great British Energy.
Bill read the First time; to be read a Second time tomorrow and to be printed (Bill 5).
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.
