Taxation of the Financial Sector — Financial Transaction Tax — Banking Levy — 9 Feb 2011 at 20:39

David Davis MP, Haltemprice and Howden voted against a banking levy, a tax charged as a fraction of a bank's assets, and for a financial transaction tax.

The majority of MPs voted for a banking levy, a tax charged as a fraction of a bank's assets, and against a financial transaction tax.

The motion passed in this vote was:

  • That this House
  • takes note of European Union Document No. 15282/10 and Addendum, relating to financial sector taxation;
  • recognises that decisions regarding direct taxes are primarily a matter for sovereign governments;
  • supports the timely action the Government has already taken to introduce a permanent levy on bank balance sheets to ensure that banks make a full and fair contribution in respect of the potential risks they pose to the wider economy;
  • notes that the Government continues to explore the costs and benefits of financial activities taxes and will work with international partners to secure agreement; and
  • further supports the Government's position that an EU-wide financial transaction tax could lead to the relocation of financial services outside the EU.

==

A UK Bank levy was introduced by Schedule 19 of the Finance Act 2011[1]; it raises a tax on banks based on their total applicable liabilities and equities[1].

Debate in Parliament | Source |

Public Whip is run as a free not-for-profit service. If you'd like to support us, please consider switching your (UK) electricity and/or gas to Octopus Energy or tip us via Ko-Fi.

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

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.

PartyMajority (Aye)Minority (No)BothTurnout
Alliance1 00100.0%
Con242 11082.7%
DUP0 5062.5%
Green0 10100.0%
Independent1 00100.0%
Lab2 195076.7%
LDem48 0084.2%
PC1 20100.0%
SDLP0 30100.0%
SNP0 60100.0%
Total:295 223080.6%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
Peter BoneWellingboroughCon (front bench)no
Douglas CarswellClactonConno
Bill CashStoneCon (front bench)no
Christopher ChopeChristchurchCon (front bench)no
David DavisHaltemprice and HowdenConno
Philip HolloboneKetteringCon (front bench)no
Bernard JenkinHarwich and North EssexCon (front bench)no
Anne MainSt AlbansCon (front bench)no
David NuttallBury NorthCon (front bench)no
Richard ShepherdAldridge-BrownhillsCon (front bench)no
Andrew TurnerIsle of WightCon (front bench)no
Frank FieldBirkenheadLab (minister)aye
Emily ThornberryIslington South and FinsburyLab (minister)aye
Hywel WilliamsArfonPC (front bench)aye

About the Project

The Public Whip is a not-for-profit, open source website created in 2003 by Francis Irving and Julian Todd and now run by Bairwell Ltd.

The Whip on the Web

Help keep PublicWhip alive