Commonwealth Development Corporation Bill — Funding Cap — 10 Jan 2017 at 16:15

John Penrose MP, Weston-Super-Mare voted against limiting public funding of the Commonwealth Development Corporation to the lesser of £6 billion or £1.5 billion plus 4% of official development assistance.

The majority of MPs voted against limiting public funding of the Commonwealth Development Corporation to the lesser of £6 billion or £1.5 billion plus 4% of official development assistance.

MPs were considering the Commonwealth Development Corporation Bill[1].

The amendment rejected by the majority of MPs in this vote was:

  • Amendment 3, page 1, line 4, at end, insert—
  • “(1A) After subsection (1), insert—
  • (1A) The amount specified in this subsection is whichever is the lesser of the following amounts—
  • (a) £6,000 million,
  • (b) £1,500 million plus the amount determined in accordance with subsection (1B).
  • (1B) The Secretary of State shall determine the amount for the purposes of this subsection by estimating the amount which will constitute 4% of official development assistance in the relevant period determined in accordance with subsection (1C).
  • (1C) That period begins with the financial year in which the Secretary of State considers that the Crown’s assistance to the Corporation (determined in accordance with subsection (2)) will exceed £1,500 and ends at the end of the fourth subsequent financial year.
  • (1D) For the purposes of this section, ‘official development assistance’ has the same meaning as in the most recent annual report laid before each House of Parliament in accordance with the provisions of section 1 of the International Development (Reporting and Transparency) Act 2006.”

The rejected amendment was accompanied by the following explanatory statement:

  • This amendment would replace the proposed limit on government assistance under section 15 with a new amount, expressed as either £6 billion or the existing investment of £1.5 billion plus a sum not more than 4% of forecast official development assistance over a five year period, whichever is the lesser amount.

The Commonwealth Development Corporation Bill provided for an increase in the limit on government financial assistance that can be provided to CDC Group plc (formerly the Commonwealth Development Corporation) (the "CDC") and its associated companies by amending Section 15 of the Commonwealth Development Corporation Act 1999. The limit prior to this Bill was £1,500 million. The limit provided for in the Bill was £6,000 million. The Bill also provides for a power to allow the Secretary of State to further increase the financial limit up to £12,000 million by regulations.[2]

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Debate in Parliament |

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
Con291 (+2 tell) 0089.1%
DUP6 0075.0%
Green0 10100.0%
Independent0 2066.7%
Lab0 181078.0%
LDem0 8088.9%
PC0 2066.7%
SDLP0 30100.0%
SNP0 47 (+2 tell)090.7%
UUP2 00100.0%
Total:299 244084.9%

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
no rebellions

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