Parliamentary search - Finance (No. 3) Bill

Type

Parliamentary proceeding

Reference

527 c68-144, (corrigendum) 322;527 c68-144

Session

2010-12

Department

Treasury

Legislative stage

Second reading

Chamber / Committee

House of Commons chamber

Finance (No. 3) Bill. In two volumes. Explanatory Notes Bill 175-EN also published.
Tuesday, 29 March 2011
Bills
House of Commons

Budget 2011. Treasury Select Committee tenth report, with formal minutes and written evidence.
Tuesday, 5 April 2011
Parliamentary committees
House of Commons

Proceeding contributions

Stella Creasy | 527 c116 (Link to this contribution) indicated dissent.

Alec Shelbrooke | 527 c116-7 (Link to this contribution) But you cannot deny that your Government doubled income tax for the lowest paid in society and destr...

Show all contributions (99)

Matt Hancock | 527 c117 (Link to this contribution) In addition to the facts that my hon. Friend is bringing to bear in this debate, is it not shocking ...

Alec Shelbrooke | 527 c117 (Link to this contribution) Again, that illustrates my earlier point: when the figures are brought down to a smaller level, peop...

Chris Leslie | 527 c117 (Link to this contribution) Your doctor said that?

Alec Shelbrooke | 527 c117-8 (Link to this contribution) Yes, probably! I am in a rotund position to say this, and I certainly speak with a certain authority...

Alec Shelbrooke | 527 c118-9 (Link to this contribution) My hon. Friend pre-empts me, because I was going to say that the Swedes put aside 2% of gross domest...

Ben Gummer | 527 c118 (Link to this contribution) My hon. Friend misses the other half of the other half, which was to accrue a surplus in a time of p...

Speaker | 527 c119 (Link to this contribution) Order. The hon. Gentleman must sit down. He has asked his question. Members should not just walk int...

Jim McGovern | 527 c119 (Link to this contribution) The hon. Gentleman speaks about nuclear energy and fossil fuel energy. Does he have an opinion on th...

Ian Murray | 527 c120 (Link to this contribution) The hon. Member for Elmet and Rothwell (Alec Shelbrooke) has taken political propaganda to an all-ti...

Daniel Byles | 527 c120 (Link to this contribution) Is the hon. Gentleman therefore opposed to the measures taken in the Budget to reduce fuel taxation ...

Alec Shelbrooke | 527 c119-20 (Link to this contribution) I am not aware of the SNP's policy. It may have escaped the notice of the hon. Gentleman, but I stan...

Stella Creasy | 527 c124-6 (Link to this contribution) If a week is a long time in politics, then a year—and perhaps some aspects of tonight's debate—is an...

Matt Hancock | 527 c126 (Link to this contribution) I do not wish to extend the love-in much further, but the hon. Lady's arguments, which are being pas...

Ian Murray | 527 c121-2 (Link to this contribution) No one would ever deny that a 1p cut would help motorists, but there are certainly no petrol station...

Matt Hancock | 527 c122-4 (Link to this contribution) I am grateful for the chance to speak briefly at the end of this debate. This Finance Bill is but on...

Stella Creasy | 527 c127-9 (Link to this contribution) I absolutely agree with the hon. Gentleman. I have been a close reader of the work of Paul Gregg at ...

Jim Shannon | 527 c127 (Link to this contribution) Those in the 16-to-25 age bracket who are unemployed will soon top the 1 million mark. Does the hon....

Stella Creasy | 527 c126-7 (Link to this contribution) I am sorry that the hon. Gentleman has not been listening closely. Let me make it very clear: the fi...

David Gauke | 527 c135 (Link to this contribution) If the hon. Gentleman will forgive me, I should like to proceed. The House has already sat quite lat...

David Gauke | 527 c135-6 (Link to this contribution) The tax system needs to be simpler. Simplicity reduces the burdens on businesses—[Hon. Members: ““Gi...

Malcolm Wicks | 527 c136 (Link to this contribution) I am grateful to the Minister for so graciously giving way. He has spent most of his speech listing ...

William Bain | 527 c129-31 (Link to this contribution) Thank you for allowing me to contribute to the debate, Mr Speaker. Many Bills are based on evidence...

David Gauke | 527 c134-5 (Link to this contribution) We have had a very useful debate this evening with a number of contributions. In particular, I thank...

Malcolm Wicks | 527 c135 (Link to this contribution) Will the hon. Gentleman give way?

David Gauke | 527 c136 (Link to this contribution) I am not sure that it is necessarily wrong to describe what is in the Bill when we are debating that...

Danny Alexander | 527 c72-3 (Link to this contribution) I am going to press on now. I want to deal with the issue of fairness. Although growth is key to im...

Danny Alexander | 527 c74 (Link to this contribution) I understand the concern, and I know that it has been expressed by a number of lobby groups, althoug...

Danny Alexander | 527 c71 (Link to this contribution) I believe that the reduction in corporation tax will benefit businesses in all sectors. As for the q...

Danny Alexander | 527 c71-2 (Link to this contribution) Of course I am worried if lending to small businesses is falling. The Merlin agreement, which we ann...

Stewart Hosie | 527 c70 (Link to this contribution) The right hon. Gentleman says that the price of gas is rising. It will be driven up by, possibly, a ...

Geoffrey Robinson | 527 c71 (Link to this contribution) Many firms will, of course, be grateful for the reduction in corporation tax, but will not the slash...

Danny Alexander | 527 c70-1 (Link to this contribution) I do not accept the hon. Gentleman's analysis. As he will know, we are currently consulting and enga...

Danny Alexander | 527 c76 (Link to this contribution) If the hon. Gentleman were being fair, as I hope he would be, he would recognise that this Governmen...

Kelvin Hopkins | 527 c76 (Link to this contribution) Are the Government not just tinkering with the alcohol measures, rather than facing up to the realit...

Danny Alexander | 527 c76 (Link to this contribution) The hon. Gentleman makes a very good point. He will perhaps know that the Economic Secretary, having...

Andrew Griffiths | 527 c76 (Link to this contribution) I agree with the intention of the measure, which is to encourage people to drink lower-strength beer...

Danny Alexander | 527 c75 (Link to this contribution) I recognise the force of the hon. Gentleman's concerns, and I have great respect for the detailed wa...

Danny Alexander | 527 c74 (Link to this contribution) No, I do not accept that we have got this wrong; I think we have got it right. The level of the carb...

Alan Whitehead | 527 c74 (Link to this contribution) Does the right hon. Gentleman not accept that raising the carbon price floor initially to such a lev...

Danny Alexander | 527 c68-9 (Link to this contribution) I do not think I said that the position was rosy. I was going out of my way to describe the calamito...

Speaker | 527 c68 (Link to this contribution) Before calling the Minister to move Second Reading, I inform the House that Mr Speaker has selected ...

Andrew Love | 527 c68 (Link to this contribution) If things are so rosy, why has the Office for Budget Responsibility forecast for growth gone down fr...

Danny Alexander | 527 c68 (Link to this contribution) I beg to move, That the Bill be now read a Second time. The clauses that we are here to debate are ...

Danny Alexander | 527 c70 (Link to this contribution) I have looked at those principles. The Government will, of course, respond to the Committee's report...

Lord Tyrie | 527 c69-70 (Link to this contribution) Has the Chief Secretary had a chance to look at the six tax principles set out in the Treasury Commi...

Danny Alexander | 527 c69 (Link to this contribution) I will deal with the supplementary charge in more detail later, and the hon. Lady might want to come...

Danny Alexander | 527 c70 (Link to this contribution) I will give way to the hon. Gentleman, but I must make progress once I have heard his intervention.

Danny Alexander | 527 c70 (Link to this contribution) As the hon. Lady knows, the price of gas has also been on an upward path. However, we have discussed...

Anne Begg | 527 c70 (Link to this contribution) At what point—it was certainly not during any discussions, because there were none—did the Chief Sec...

Danny Alexander | 527 c69 (Link to this contribution) For the simple reason that the very high price of oil on the world markets is having a direct effect...

Anne Begg | 527 c69 (Link to this contribution) The right hon. Gentleman says that in order to encourage business growth he will drop corporation ta...

Angela Eagle | 527 c76-9 (Link to this contribution) I beg to move an amendment, to leave out from ““That”” to the end of the Question and add:"““this Ho...

Ed Balls | 527 c79 (Link to this contribution) And from the Liberal Democrats.

Angela Eagle | 527 c79-81 (Link to this contribution) That is true—the Liberal Democrats gave us such warnings before the election. Undeterred by the les...

Kelvin Hopkins | 527 c79 (Link to this contribution) I agree entirely with everything my hon. Friend has said. The Government have completely failed to u...

Angela Eagle | 527 c79 (Link to this contribution) That is essentially the insight that Keynes developed from his experience as a practising economist....

Andrew Love | 527 c82 (Link to this contribution) According to the Government, one of the major contributors to growth in coming years will be an incr...

Angela Eagle | 527 c82-3 (Link to this contribution) With a 25% devaluation in the value of our currency, we certainly ought to be seeing strong increase...

Kelvin Hopkins | 527 c81 (Link to this contribution) Again, I agree entirely with my hon. Friend, who is making an absolutely excellent speech. There is ...

Angela Eagle | 527 c81-2 (Link to this contribution) My hon. Friend makes an extremely good point about confidence and sentiment in the economy transmitt...

Anne Marie Morris | 527 c83-4 (Link to this contribution) I welcome the Finance Bill, which will reform the economy, deliver real growth for business and crea...

Thomas Docherty | 527 c84 (Link to this contribution) If I follow the hon. Lady's logic correctly, she welcomes a policy, the results of which, she admits...

Anne Marie Morris | 527 c84-5 (Link to this contribution) They are 6p a litre better off than they might otherwise have been. The challenge that we face is th...

Frank Doran | 527 c85-90 (Link to this contribution) I shall speak about the oil and gas industry, to which the Chief Secretary gave prominence in his co...

Malcolm Wicks | 527 c90 (Link to this contribution) I am enjoying my hon. Friend's remarks on what remains one of Britain's greatest industries, but doe...

Frank Doran | 527 c90-1 (Link to this contribution) My right hon. Friend is absolutely right, and he makes his point with the authority of having been E...

Lord Harrington of Watford | 527 c91-4 (Link to this contribution) I came to this Second Reading debate to get an outline of the Government's case on the Budget and th...

Peter Aldous | 527 c97-8 (Link to this contribution) I largely support the Bill and the Chancellor's Budget proposals. He has inherited a poor hand, whic...

Joan Walley | 527 c98-9 (Link to this contribution) The hon. Gentleman, like me, serves on the Environmental Audit Committee, and he speaks with great k...

Peter Aldous | 527 c99 (Link to this contribution) I agree wholeheartedly with the hon. Lady. I would love that manufacturing to take place in my const...

Steve Baker | 527 c111 (Link to this contribution) I was just wondering whether my hon. Friend would agree that Robin Hood actually took from the state...

Sammy Wilson | 527 c111-4 (Link to this contribution) As a Member who represents part of the United Kingdom that has seen the highest increase in unemploy...

Jacob Rees-Mogg | 527 c111 (Link to this contribution) I am not entirely sure that that is what he did. I think he also stole from the Church, which is why...

Lord Dodds of Duncairn | 527 c114 (Link to this contribution) Before my hon. Friend moves on to that, does he agree that the carbon issue, as well as the issues o...

Jacob Rees-Mogg | 527 c115 (Link to this contribution) I thank the hon. Gentleman—if I may say so, my hon. Friend—for giving way. Many of us on the Governm...

Sammy Wilson | 527 c115 (Link to this contribution) I knew from the hon. Gentleman's speech that he has sympathy with that view. Indeed, I hope that suc...

Alec Shelbrooke | 527 c115 (Link to this contribution) I welcome the Finance Bill in so many ways, many of which are to do with creating growth and jobs. T...

Mel Stride | 527 c115 (Link to this contribution) I am following my hon. Friend's powerful argument closely. Will he add that, to the extent that we g...

Alec Shelbrooke | 527 c116 (Link to this contribution) Absolutely. My hon. Friend makes an important point. That leads me to the problem, which I had not i...

Michael Connarty | 527 c102 (Link to this contribution) Hear, hear!

Gregory Campbell | 527 c100 (Link to this contribution) The right hon. Gentleman touches on the important point of the contributory principle, but does he a...

Malcolm Wicks | 527 c99-100 (Link to this contribution) This is a very useful debate. I particularly enjoyed the three well-informed and well-evidenced spee...

Michael Connarty | 527 c106-8 (Link to this contribution) Despite what the hon. Member for Bristol West (Stephen Williams) has just claimed about the Bill's g...

Sammy Wilson | 527 c108 (Link to this contribution) Not only has the tax been extended to a wider range of bodies, but the Treasury has removed an incen...

Malcolm Wicks | 527 c102-3 (Link to this contribution) My hon. Friend wants to become one of the centenarians. Indeed, to warm us up for difficult decision...

Stephen Williams | 527 c103-6 (Link to this contribution) After the sound and fury of the Budget debate, every year we follow it up with a Finance Bill that d...

Michael Connarty | 527 c108-9 (Link to this contribution) The hon. Gentleman has hit the nail on the head. That incentive has gone. Ports such as Grangemouth,...

Jacob Rees-Mogg | 527 c109-11 (Link to this contribution) There is more rejoicing in heaven over one sinner who repenteth than over the 99 who are not in need...

Lord Hanson of Flint | 527 c131-3 (Link to this contribution) The amendment before the House declines to give the Finance Bill a Second Reading for simple reasons...

Joan Walley | 527 c74 (Link to this contribution) Does the right hon. Gentleman accept, however, that there is concern about the amount of hidden subs...

Angela Eagle | 527 c71 (Link to this contribution) The Chief Secretary has mentioned small business. It is clearly agreed throughout the House that the...

Sammy Wilson | 527 c114 (Link to this contribution) One can see the mirth of Government Members. I can understand why the Liberal Democrats are keen to ...

Danny Alexander | 527 c75-6 (Link to this contribution) I agree that energy efficiency is important, of course. That is precisely why the Department of Ener...

Joan Walley | 527 c75 (Link to this contribution) Given what the right hon. Gentleman has just said about the importance of investment, does he agree ...

Sammy Wilson | 527 c74-5 (Link to this contribution) Does the right hon. Gentleman not see any contradiction in terms in what he has said about making in...

Stewart Hosie | 527 c94-7 (Link to this contribution) The Finance Bill follows the Budget in March. On the opening day of the Budget debate, I laid out th...

Malcolm Wicks | 527 c100-2 (Link to this contribution) Such policies have regressive implications and I understand why the hon. Gentleman asks that questio...

Notes

Corrigendum: Official Report, 26 April 2011: in Division 257, column 144, in the Noes insert: "Shannon, Jim".

Subjects

Children

Alcoholic drinks

Corporation tax

Beer

Air passenger duty

Capital allowances

Aggregates levy

Environment protection

Income tax

Electricity generation

Excise duties

Fuels

Economic growth

Individual savings accounts

Low incomes

Northern Ireland

Pensions

Natural gas

Nuclear power

Business rates

Prices

Small businesses

Tax allowances

Tax avoidance

Taxation

Research

Tobacco

Science

North Sea oil

Carbon emissions

Bank levy

National employment savings trust scheme

Legislation

Finance (No. 3) Bill 2010-12

Link

View this Parliamentary proceeding on www.publications.parliament.uk