Finance Bill — Clause 73 — Financial Transaction Tax — 5 Jul 2011 at 18:36

Philip Davies MP, Shipley voted against requiring the chancellor to review the possibility of introducing a financial transaction tax and how the revenue raised could be spent on tackling unemployment and reducing poverty

The majority of MPs voted against requiring the chancellor to review the possibility of introducing a financial transaction tax and against requiring him to report on how the additional revenue raised would be invested on tackling unemployment and reducing poverty.

MPs were considering the Finance Act[1]. The amendment rejected in this vote was:

  • Amendment proposed: 31, page 42, line 30, at end insert—
  • ‘(2) The Chancellor of the Exchequer shall review the possibility of incorporating a bank financial transaction tax within the bank levy, levied on trading in financial products including stocks, bonds, currencies, commodities, futures and options and publish a report within six months of the passing of this Act, on how the additional revenue raised would be invested to tackle unemployment and reduce poverty in the United Kingdom and to assist in tackling deprivation in the developing world

This subsection would have been added to clause 73 of the Finance Bill which is titled "Bank Levy"[2]. The Bank Levy itsself is provided for by Schedule 19 of the Finance Act 2011[3]; it raises a tax on banks based on their total applicable liabilities and equities.

Debate in Parliament | Source |

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 (No)Minority (Aye)BothTurnout
Con237 (+2 tell) 0078.1%
DUP0 2025.0%
Green0 10100.0%
Lab0 10 (+2 tell)04.7%
LDem42 1075.4%
PC0 30100.0%
SDLP0 30100.0%
SNP0 5083.3%
Total:279 25048.0%

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
Andrew GeorgeSt IvesLDemaye

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