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Finance Bill: report stage debate 28 June

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The Finance Bill began its report stage in the House of Commons last night, when MPs debated the Bill for almost nine hours.

A new clause introducing transferable personal allowances for married couples was defeated by 473 votes to 23.

New clauses providing for a permanent reduction in the rate of VAT and tax relief for medical insurance premiums paid by pensioners were debated and withdrawn.

A new clause providing for a temporary reduction in the rate of VAT, and a new clause requiring the Treasury to report to Parliament on the impact of the rate of VAT on economic growth, were defeated.

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