Provisional Collection of Taxes

– in the House of Commons at 12:32 pm on 20 March 2013.

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Motion made, and Question put forthwith (Standing Order No. 51(2)),

That, pursuant to section 5 of the Provisional Collection of Taxes Act 1968, provisional statutory effect shall be given to the following motions:—

(a) Alcoholic liquor duties (rates) (Motion No. 50.)

(b) Tobacco products duty (rates) (Motion No. 51.)—(Mr George Osborne.)

Question agreed to.

Photo of Lindsay Hoyle Lindsay Hoyle Deputy Speaker and Chairman of Ways and Means, Chair, Panel of Chairs, Chairman of Ways and Means, Chair, Panel of Chairs

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I now call upon the Chancellor of the exchequer to move the motion entitled “Amendment of the law”. It is on this motion that the debate will take place today and on the succeeding days. The remaining motions will be put at the end of the Budget debate next week.

Chancellor of the Exchequer

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.

Amendment of the Law

The amendment of the law motion relates to the chancellor's Budget statement.

It is a general resolution laid before the House of Commons by the chancellor of the exchequer.

It enables the financial changes proposed in the Budget statement to be passed into law.

The amendment of the law is moved formally at the start of the Budget debate and, together with the Ways and Means resolutions, is voted on at the end of this debate.