Finance Bill — Clause 112 — Require Report Before Reforms to Bank Levy — 9 Apr 2014 at 18:13
John Penrose MP, Weston-Super-Mare voted against requiring a report on the impact bank levy rates before reforming them.
The majority of MPs voted against requiring a report on the impact bank levy rates before reforming them.
MPs were considering the Finance Bill. The amendment rejected in this vote was:
- Amendment proposed: 1, in clause 112, page 94, line 1, at beginning insert—
- ‘(1) Before bringing forward any further reform of the bank levy rates system, the Chancellor shall lay before Parliament a report considering the impact on the total receipts paid to the Exchequer since 2010 by—
- (a) UK banking groups;
- (b) building society groups;
- (c) foreign banking groups; and
- (d) relevant non-banking groups.
- (2) The report will pay particular attention to receipts from—
- (a) corporation tax;
- (b) the bank levy; and
- (c) bank payroll tax.
- (3) A copy of the report in subsections (1) and (2) shall be laid before Parliament.’.
-  Parliament's webpage on the Finance Bill
-  Schedule 19 of the Finance Act 2011 which provides for the Bank Levy
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 (No)||Minority (Aye)||Both||Turnout|
|Con||245 (+1 tell)||0||0||80.7%|
|Lab||0||202 (+2 tell)||0||79.1%|
|LDem||41 (+1 tell)||0||0||75.0%|