Finance Bill — Second Reading — 16 Apr 2012 at 22:26

The majority of MPs voted in favour of the Finance Bill[1] at its second reading, to approve the key principles of the Bill and to support it continuing on its path to becoming law.

The key provisions of the Bill[2]:

  • To provide for an income tax for 2012-13
  • To set the income tax rates, at 10% for the starting rate for savings, 20% for the basic rate, 40% for the higher rate and 50% for the additional rate applying to income over £150,000
  • The threashold for starting to pay the higher rate of income tax is reduced from £35,000 to £34,370
  • The income tax free personal allowance for those under 65 years old is increased form £7,475 to £8,105
  • Starts the process of phasing out the additional tax free personal allowance for those over 65.
  • The main rate of Corporation Tax is reduced from 25 to 24%
  • The small profits rate of Corporation Tax unchanged at 20%
  • A new tax to recover child benefit from the highest earning individual in a couple where one member of the couple earns over £50,000 is introduced.
  • To increase Air Passenger Duty


Debate in Parliament | Source |

Public Whip is run as a free not-for-profit free service. If you'd like to support us, please consider switching your electricity and/or gas to Bulb Energy who provide 100% renewable electricity and tend to be 20% cheaper than the 'Big Six'. They'll also pay any exit fees (up to £120) from your old supplier AND give you (and us) a £50 credit for joining up via our Bulb Referral Link.

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 (Aye)Minority (No)BothTurnout
Alliance0 10100.0%
Con270 (+1 tell) 0088.6%
DUP0 4050.0%
Green0 10100.0%
Lab0 230 (+2 tell)090.3%
LDem49 (+1 tell) 0087.7%
PC0 2066.7%
SDLP0 1033.3%
SNP0 60100.0%
Total:319 245088.5%

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

no rebellions

About the Project

The Public Whip is a not-for-profit, open source website created in 2003 by Francis Irving and Julian Todd and now run by Bairwell Ltd.

PublicWhip v2 codebase is currently under development - you can join the Slack group to find out more or email [email protected]

The Whip on the Web

Help keep PublicWhip alive