Finance (No. 2) Bill — Second Reading — 11 Dec 2017 at 22:12
The majority of MPs voted in favour of excluding overseas activities of UK headquartered banking groups from the bank levy, and in favour of reducing stamp duty for first time buyers of homes in transactions of up to £500,000.
MPs were considering the Finance Bill.
MPs were considering the question:
- That the Bill be now read a Second time.
- Imposing income tax and corporation tax in 2018-19.
- Keeping income tax rates at the 2017-18 levels for 2018-19
- Eliminating stamp duty for first time buyers of homes in transactions of under £300,000 and reducing the duty for transactions of up to £500,000.
- Excluding overseas activities of UK headquartered banking groups from the bank levy (an annual tax on banks calculated as a fraction of their total applicable liabilities and equities).
-  Parliament's webpage on the Finance (No. 2) Bill 2017-19
-  Explanatory notes to the Finance (No. 2) Bill 2017-19
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.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Con||303 (+2 tell)||0||0||96.2%|
|Lab||0||227 (+2 tell)||0||87.7%|