Orders of the Day — Finance Bill (Committee Stage)

– in the House of Commons at 12:00 am on 6th May 1976.

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Motion made, and Question proposed,That the Standing Committee to which the Finance Bill stands committed be discharged from considering the following provisions, namely—

  1. (a) clauses 14, 21, 24, 26, 27, 48, 52 and 64;
  2. (b) any new clause first appearing on the Order Paper not later than Monday 10th May and relating to capital gains tax,
and that those provisions be committed to a Committee of the whole House;That, when the provisions of the Bill considered respectively by the Committee of the whole House and by the Standing Committee have been reported to the House, the Bill be proceeded with as if the Bill had been reported as a whole to the House from the Standing Committee.—[Mr. Joel Barnett.]

9.59 p.m.

Photo of Mr Nigel Lawson Mr Nigel Lawson , Blaby

I do not intend to detain the House long because we have a more important debate to follow, although the matter before us now is not altogether without importance.

I note, Mr. Speaker, that you have not selected the amendment in my name. However, what we are debating here is whether the proposed division of the Finance Bill between the Floor of the House and the Committee upstairs is the right one; and of course, an alternative would be to commit the whole Bill to the Floor of the House.

I must confess straight away, by way of prolegomenon, that, when I tabled my amendment, it was because there was some dispute in the House over the correct interpretation—

It being Ten o'clock, the debate stood adjourned.