Blood and Iron (speech) iron chancellor." Blood and Iron (speech) Blood and Iron (German: "Blut und Eisen") is the name given to a speech made by Otto von Bismarck given on 30 September 1862, at the time when he was Minister President of Prussia, about the unification of the German territories. It is also a transposed phrase that Bismarck uttered near the end of the speech that has become one of his most widely known quotations. In September 1862, when the Prussian House of Representatives was refusing to approve an increase in military spending desired by King Wilhelm I, the monarch appointed Bismarck Minister
Chancellor of the Exchequer Prescott. It reverted to the chancellor in 2007, then Alistair Darling. The chancellor traditionally carries his Budget speech to the House of Commons in a particular red Despatch Box. The Chancellor's red briefcase is identical to the briefcases used by all other government ministers (known as ministerial boxes or "Despatch Boxes") to transport their official papers but is better known because the chancellor traditionally displays the briefcase, containing the Budget speech, to the press in the morning before delivering the speech. The original Budget briefcase was first used by William Ewart Gladstone in 1853 and continued in use until 1965