Finance Bill — Assessment of Impact of Corporation Tax Cut on Banking Sector — 12 Jul 2010 at 20:00

The majority of MPs voted against requiring the publication of an assessment of the impact on the banking sector of the change to the main rate of corporation tax for financial year 2011 proposed within the Finance Bill.

The Finance Bill[1] contained provisions to enact a statement made in the Budget that corporation tax will be cut from 28% to 27% in 2011, and cut by a further 1% in each of the following three years.[2][3]

The division was on an amendment[4] to the Finance Bill[1] proposed by the Shadow Financial Secretary to the Treasury Stephen Timms. The amendment stated:

(2) Prior to this rate taking effect, the Chancellor will place in the Library of the House of Commons an assessment of the impact of this clause on the banking sector.

The amendment was seconded by Alistair Darling, Liam Byrn and Angela Eagle

Debate in Parliament | Source |

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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
Con275 (+1 tell) 0090.2%
DUP0 1012.5%
Green0 10100.0%
Lab0 215 (+2 tell)084.1%
LDem43 (+1 tell) 0077.2%
PC0 30100.0%
SDLP0 2066.7%
SNP0 60100.0%
Total:318 228085.7%

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

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no rebellions

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