Andrew Bingham
Conservative, High Peak
To ask Mr Chancellor of the exchequer, what discussions he has had with the Secretary of State for Business, Innovation and Skills on the effect on businesses of changes to VAT invoicing on discounting for early payment schemes.
David Gauke
The Financial Secretary to the Treasury
HM Treasury is in regular contact with the Department for Business, Innovation and Skills on a wide range of issues
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No0 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.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
