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Finance Bill completes second reading

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The Finance Bill completed its second reading in the House of Commons last night, after almost five hours of debate.

The Finance Bill completed its second reading in the House of Commons last night, after almost five hours of debate.

Clauses 4, 7, 10, 19, 35 and 72 – dealing with the main rate of corporation tax, the supplementary charge for oil-related activities, plant and machinery writing-down allowances, fuel duties, childcare relief for higher earners, and the bank levy – will be considered by a Committee of the whole House, beginning on 3 May.

The remainder of the Bill will be committed to a Public Bill Committee.

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