Members: Correspondence

Treasury written question – answered at on 19 January 2010.

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Photo of Clare Short Clare Short Independent Labour, Birmingham, Ladywood

To ask the Chancellor of the exchequer when a reply will be sent to the right hon. Member for Birmingham, Ladywood's letter of 29 October 2009 to the Financial Secretary on Asghar Khan, Treasury PO Ref: 3/11525/2009.

Photo of Stephen Timms Stephen Timms Parliamentary Under-Secretary (Department for Business, Innovation and Skills) (Digital Britain) (also HM Treasury), Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

I have replied to the right hon. Member.

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Chancellor of the Exchequer

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.