Financial Statement and Budget Report

Part of the debate – in the House of Commons at 12:34 pm on 30 October 2024.

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Photo of Nusrat Ghani Nusrat Ghani Deputy Speaker and Chairman of Ways and Means 12:34, 30 October 2024

Order. I have just spoken about respecting colleagues. The public are watching, and they want to hear what the Chancellor has to say. Simmer down.

Chancellor

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.