§ Q14. Mr. Beanasked the Prime Minister if he will define the responsibiltities of the Chancellor of the Exchequer.
§ The Prime MinisterThe Chancellor of the Exchequer is responsible for all Treasury business, including the direction of economic and financial policy and the control of public expenditure. He is the Minister responsible for the Inland Revenue and Customs and Excise and some other smaller departments. The Chancellor is also Chairman of NEDC and a Governor of the International Monetary Fund.