Finance Bill: Commons second reading

20 July 2015

MPs are to debate the second reading of the Finance Bill in the House of Commons on Tuesday 21 July 2015.

The debate is expected to take place after 12.45pm, following the conclusion of a ten minute rule motion on Public Nuisance from Wind Farms (Mandatory Liability Cover) Bill, but could be later if any Urgent Questions or Statements are granted on the day.

Timings are approximate as Parliamentary business is subject to change.

Transcripts of proceedings in the House of Commons Chamber are available three hours after they happen in Today’s Commons Debates.

Related information

Summary of the Finance Bill

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

Progress of the Bill

The Bill was introduced into the House of Commons on 14 July 2015. This is known as the first reading and there was no debate on the Bill at this stage.

The Bill is expected to have its second reading debate on 21 July 2015.

Keep up to date with all the proceedings and documentation, including amendment papers, on the Finance Bill and find out how a bill becomes an Act of Parliament.

Related information

House of Commons Library analysis

The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.

The Library has published a briefing paper on the Summer Budget 2015.

What happens at second reading?

At second reading the House debates the whole principle of the bill. It usually takes place no sooner than two weekends after first reading.

MPs can table a 'reasoned amendment' to the motion for second reading, declining to give the bill a second reading. The choice of amendments to be considered is made by the Speaker. The amendments that have been tabled are published in the Order of Business.

The Member in charge or the Minister moves the motion 'that the bill be now read a second time'. MPs then debate the bill.  At the end of the debate the Speaker determines whether there are any objections to the motion being debated and asks for the Ayes and Noes.

Members voice their opinion, and if no objections are made, the bill passes second reading without a vote. If the Speaker believes Members have voiced disagreement, a division is called and a vote taken.

What happens after second reading?

If the motion at second reading is agreed to, the programme motion will schedule parts of the Bill to be considered in a Committee of the whole House, and the remainder in a Public Bill Committee.

Consideration of the Bill in a Committee of the whole House is expected to take place on Tuesday 8 September 2015. Proceedings in the Public Bill Committee are scheduled in the programme motion to conclude by Tuesday 20 October 2015, but could finish earlier.

The programme motion would also schedule the report and third reading stages to take place over one day.

Watching proceedings from the public gallery

UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.

Image: iStock

This article was produced by the Commons Digital Outreach Team. Follow the @HouseofCommons  on Twitter for updates on the UK House of Commons Chamber.

More news on: Economy and finance, Parliament, government and politics, Parliament, Taxation, Budget, Commons news

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