Treasury written question – answered at on 11 February 2014.
Gregg McClymont
Shadow Minister (Work and Pensions)
To ask the Chancellor of the exchequer what Barnett consequentials arise from the Government's proposals for High Speed Rail 2.
Danny Alexander
The Chief Secretary to the Treasury
Barnett consequentials for High Speed 2 for years beyond 2015-16 will be determined at the next spending review.
Yes6 people think so
No11 people think not
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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.
