Part of the debate – in the House of Lords at 2:51 pm on 4 March 2024.
Baroness Neville-Rolfe
Minister of State (Cabinet Office)
2:51,
4 March 2024
I agree that we must tackle our abysmal productivity rates. It is something I have focused on, I have to say, since long before I came to this House. There are things that we can do with skills. I look forward to the Budget on Wednesday and hope that the word “productivity” will feature in the speech by the 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.
