Treasury written question – answered at on 24 July 2025.
Edward Morello
Liberal Democrat, West Dorset
To ask the Chancellor of the exchequer, whether she has made an assessment of the potential impact of anti-money laundering compliance requirements on the financial viability of small and medium-sized law firms.
Emma Reynolds
The Economic Secretary to the Treasury
I refer the hon. Member to the answer to UIN 67269.
Yes0 people think so
No1 person thinks 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.
