Finance Bill

With this it will be convenient to discuss the following amendments: No. 41, page 2, line 11, leave out from ‘20%’ to end of line 12 and insert"‘for companies with non-ring fenced profits employing fewer than five people, and (b) 19% for companies with either ring fence profits or five or more employees." No. 42, page 2, line 14, leave out from second 'profits' to 'fraction' in line 17 and insert: "and companies employing fewer than five people and with non-ring fenced profits ("the smaller company fraction") and (b) 11/400ths in relation to ring-fence profits of companies and companies employing five or more people ("the standard".