Bills Presented – in the House of Commons at 10:33 am on 19 November 2009.
Presentation and First Reading (
Mr. Chancellor of the Exchequer, supported by the Prime Minister, Secretary Yvette Cooper, Mr. Liam Byrne, Mr. Pat McFadden, Mr. Stephen Timms, Sarah McCarthy-Fry and Ian Pearson, presented a Bill to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.
Bill read the First time; to be read a Second time on Monday 23 No vember, and to be printed (Bill 1 ) with explanatory notes (Bill 1-EN).
A proposal for new legislation that is debated by Parliament.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
