Armed Conflict: Middle East

Treasury written question – answered at on 2 June 2026.

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Photo of Ben Obese-Jecty Ben Obese-Jecty Conservative, Huntingdon

To ask the Chancellor of the exchequer, with reference to her statement on 21 May 2026 on the package of measures implemented as part of her Economic Response to the war in the Middle-East, which Members of the House of Commons contributed to the package of measures as per her comment thanking them for their input.

Photo of Lucy Rigby Lucy Rigby The Chief Secretary to the Treasury

Treasury Ministers, including the Chancellor, regularly speak to Members of Parliament (MPs), business representatives, and other organisations, to inform government policy.

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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.

House of Commons

The House of Commons is one of the houses of parliament. Here, elected MPs (elected by the "commons", i.e. the people) debate. In modern times, nearly all power resides in this house. In the commons are 650 MPs, as well as a speaker and three deputy speakers.

Chancellor

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.