Chief Financial Secretary to the Treasury, Danny Alexander, introduced the second reading of the Finance (No.3) Bill in the House of Commons on Tuesday 26 April.
The Bill passed with a vote (Ayes 315; Noes 208) and will now be considered in Committee of the whole House on Tuesday 3 May. Watch and read the views expressed by MPs during the debate.
Finance (No.3) Bill
The Finance (No.3) Bill is the third finance bill introduced during the 2010-12 session of Parliament. The Bill will enact many of the measures announced in the Budget which was presented by the Chancellor of the Exchequer, George Osborne, on 23 March 2011.
The formal description of the Finance Bill is 'a Bill to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.'
Keep up to date with all the proceedings and documents on the Finance (No.3) Bill. Also find out how a Bill becomes an Act of Parliament.
Chancellor of the Exchequer, George Osborne MP, made his Budget statement to the House of Commons on Wednesday 23 March 2011.