New Clause 10 - Assessment of annual investment allowance

Finance (No. 2) Bill – in the House of Commons at 3:45 pm on 1st December 2021.

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Votes in this debate

‘The Government must publish within 12 months of this Act coming into effect an assessment of—

(a) how much the changes to the annual investment allowance under section 12 of this Act will affect GDP in the event of the Finance Act coming into effect, and

(b) how the same changes would have affected GDP had the UK—

(i) remained in the European Union, and

(ii) left the European Union without a Future Trade and Investment Partnership.’—(Richard Thomson.)

This new clause would require an assessment of the effects of the provisions in clause 12 on GDP in different scenarios.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Division number 127 Finance (No. 2) Bill — New Clause 10 - Assessment of annual investment allowance

Aye: 52 MPs

No: 305 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

The Committee divided: Ayes 52, Noes 307.

Question accordingly negatived.