This is the parliamentary question time for questions to the Chancellor of the Exchequer.

Members of the Commons may question the Chancellor of the Exchequer on any issue relating to his department. Each member is limited to one question per week.

This House recognises miniyoda008 as the Chancellor of the Exchequer, and requests that he/she answers all questions posed to him/her.

This House recognises Cieran as the Shadow Chancellor, and as such grants him the right to ask six questions per week.

The government may only be asked to answer one question at a time - no new questions may be submitted until the previous one has been answered. If the government does not answer, action may be taken by the speaker of the commons.

I therefore open this session with the following question:

Will the Chancellor of the Exchequer please tell us of his department's aims for this session of parliament?

Similar to Business and Enterprise, the main priority is to combat the economic crisis. We particularly plan to implement schemes to support those affected by the crisis.

What will the Government do with the BTR? Will there be any change due to the economic issues? Can we see a reduction in the BTR to stimulate the economy by increasing spending? Will there be stimulus packages?

Please Sir William, you are limited to one question per week. :tophat:

My apologies Mr Speaker, still rattled over the Hartford crisis.

The first 3 questions are all part of the same thing, and are answeredd by the presence of a taxation motion. A stimulus package is one thing being considered, but we want to ensure that any money spent is used well, rather than simply being given out to the country.

You seem extremely confident that lowering taxes will save the economy.

Have you determined any disadvantages to this in the discussions you've surely held with the Speaker on this matter?

Indeed, we have discovered a disadvantage, and have been quite open in admitting it. We have made it quite clear that lowering the tax rate could lead to a slightly worse deficit should the economy rating drop further. However, we believe this disadvantage to be negligible, and easily countered, compared to the benefits it will bring.

What will you do if this tax cut fails?...

Question Obscelete

Point of order! :boo:

The question was not directed at HRH!

Order! Order! :tophat:

Mr Zog, please refrain from speaking out of turn.

To clarify, I mean what if it fails to stimulate the economy. Note that I made that comment AFTER the bill was passed...

*Polite cough*

I'm sure when we left something unanswered for a week it damaged our ratings. Just sayin'...

Oh!

Polite cough noted. Thank you Mr. Cieran. :tophat:

Sorry, been away from computers for 3 days.

Anyway, we still expect the tax cut to work, and we have other policies that we are implementing which are also designed to imporve the economy.

Would it be possible to be more specific? Saying "It's going to work, if not we'll do stuff" is kind of vague and hardly sound financial policy...

*Asthma attack*...

Sorry, been away yet again.

Specifics can be seen in the actions that have already been taken, such as the Social Housing and Pensions Increase Acts

Is there any change in policy now the tax cut has failed and started a budget deficit?...

I cannot answer your question, as your question makes incorrect assumptions. We have been informed by top economists that our policies managed to considerably delay any further drops to the economy, and so while it was not quite as successful as we would have liked, it was not a failure. Also, as I have said far too often, and will have to say again, we would have had a deficit when the economy fell even if we hadn't changed the tax rate, and the deficit we have now is still minimal.