Treasury written question – answered at on 25 October 2024.
Stuart Andrew
Assistant Whip, Opposition Chief Whip (Commons)
To ask the Chancellor of the exchequer, what assessment she has made of the potential implications for her policies of the recommendations in Loan Charge Resolution’s letter to the Exchequer Secretary to the Treasury, dated 7th August 2024.
James Murray
The Exchequer Secretary
I know that the loan charge is an extremely important issue for many members and their constituents.
I have met with campaigners to discuss the loan charge, and the Chancellor and I continue to consider this matter. We will provide an update in due course.
Yes1 person thinks so
No6 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.
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.
