Finance Bill — 9 Apr 2001
Patrick McLoughlin MP, West Derbyshire voted in the minority (No).
[Relevant documents: Minutes of Evidence from the Treasury Committee, Session 2000-01 on the 2001 Budget, HC 326-i to iv.]
Order for Second Reading read.
I beg to move, That the Bill be now read a Second time.
Notwithstanding the gravity of the foot and mouth situation, it is good to move Second Reading at a time when the fundamentals of our economy are stronger than they have been for a generation. Because of our reformed monetary framework, tough fiscal rules and prudent choices, we now have the lowest inflation for 30 years, and it is the lowest in the European Union; the lowest long-term interest rates for 35 years; the highest business investment for 40 years, at over 14 per cent. of gross domestic product; the lowest unemployment since 1975, with more people in work than ever before--more than 1.1 million more than in 1997; and sound public finances, cutting free of the millstone of debt run up by the Opposition when they were in government.
Question put, That the Bill be now read a Second time:--
The House divided: Ayes 319, Noes 175.
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Con||0||136 (+2 tell)||0||86.3%|
|Lab||319 (+2 tell)||0||0||77.0%|