Corporation Tax Bill — The Economy and Business, Innovation and Skills — 26 Nov 2009 at 17:46

This division followed a debate on the Queen's Speech. The Queen's speech is where the monarch reads out a list of the bills which the government plans to bring-in in the next parliamentary session.

The majority of MPs voted against adding the following section to a message of thanks to the Queen for reading the speech:

"but humbly regret that the Gracious Speech fails to provide a credible plan to tackle the fiscal deficit and national debt, contains no measures to help families and businesses in the recession, fails to provide real measures to begin to tackle rising entrenched poverty, fails to lay out plans to reform the public services and improve outcomes in the NHS, and fails to include proposals to combat Britain's falling economic competitiveness;

• condemn the absence of any measures to bring down youth unemployment and the number of people out of work and any measures to provide help for savers and pensioners;
• regret the absence of measures to address the failed tripartite system of regulating the financial system;
• and further regret the absence of a plan for sustained economic growth."

This debate and division was the first opportunity for the house to express a view on the Digital Economy Bill, Financial Services Bill, and the Fiscal Responsibility Bill.

Debate in Parliament | Source |