Read transcripts of debates in both Houses
Produced by Commons Library, Lords Library and Parliamentary Office Science and Technology
Search for Members by name, postcode, constituency and party
Learn about their experience, knowledge and interests
Celebrating people who have made Parliament a positive, inclusive working environment
Four staff networks for people to discuss and consider issues.
Contact your MP or a Member of the House of Lords about an issue that matters to you
Find and register for Parliament's free events and training sessions
Take a tour of Parliament and enjoy a delicious afternoon tea by the River Thames
See some of the sights you’ll encounter on a tour of Parliament
Book a school visit, classroom workshop or teacher-training session
Access videos, worksheets, lesson plans and games
Alistair Darling, Chancellor of the Exchequer, moved the second reading in the Commons of the Fiscal Responsbility Bill which was passed by 265 votes to 196
The Bill imposes a statutory duty on the Treasury to meet specific targets for the reduction of government borrowing and debt and gives Parliament a greater role in fiscal policy.
The Bill requires the Treasury to make sure that:
The Bill also requires the Treasury to report to Parliament in the Budget and in Pre-Budget Reports and provide an explanation if the targets are missed.
The Bill now goes to a Committee of the whole House for detailed consideration.
When a Bill passes its second reading and is considered in detail, this usually takes place in a Public Bill Committee held outside the Chamber. But occasionally a Bill will be considered by a Committee of the whole House and this discussion takes place in the Commons Chamber itself.
Any Bill can be referred to a Committee of the whole House, but the procedure is normally reserved for finance Bills and other important or controversial legislation.
More news on: Parliament, government and politics, Parliament, Commons news, Bill news, Central government, Business, industry and consumers, Economy and finance