Finance (No. 3) Bill — New Clause 11 — High cost credit lending — 4 Jul 2011 at 19:30
David Laws MP, Yeovil voted with the majority (No).
I beg to move, That the clause be read a Second time.
We do not often find the issue of high-cost credit lending in the headlines, but it is critical for many people up and down the country. Many of our constituents would expect to see it addressed in the Finance Bill, because there is growing concern that a large number of some of the poorest people in society are becoming prone to high-charging payday lending, doorstep lending, new variants of hire purchase and illegal loan-sharking, especially as the mainstream banks restrict credit availability.
Question put, That the clause be read a Second time.
The House divided:
Ayes 228, Noes 273.
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.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||236 (+1 tell)||0||0||77.5%|
|Lab||0||217 (+2 tell)||0||84.9%|
|LDem||37 (+1 tell)||1||0||68.4%|