Finance Bill — 30 Apr 2002 at 21:49

I beg to move, That the Bill be now read a Second time.

I am pleased to do so at a time of economic stability, with improving prospects for economic growth, with the right foundations on which to carry forward our work on enterprise and fairness and with investment and reform in our public services, securing the national health service for the future.

I beg to move, To leave out from 'That' to the end of the Question, and to add instead thereof:

'this House declines to give a Second Reading to the Finance Bill because the provisions contained in its two volumes and 488 pages increase the burden of taxation on important sectors of the economy; fail to make adequate commitments about taxation and personal allowances in future years; and will have a negative impact on competitiveness and the attractiveness of the UK as a location for investment.'

Question put, That the amendment be made:-

The House divided: Ayes 142, Noes 360.

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