Clause 92 - Climate change levy: carbon price support rates for 2016-17

Finance Bill – in a Public Bill Committee at 2:00 pm on 10 June 2014.

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Amendment proposed: 25, in clause 92, page 84, line 16, at end insert—

‘(3) The section shall not come into force except as specified in subsection (2) below.

(1) The Chancellor of the Exchequer shall bring the section into force by order within six months of the passing of this Act.

(2) A statutory instrument containing an order under subsection (3) shall be accompanied by a report which details—

(a) the impact of the provisions in the section on consumers and on fuel poverty;

(b) the impact of the provisions in the section on energy-intensive industries and on employment in those industries;

(c) the level of carbon leakage in the energy-intensive industry as a result of the provisions in this section;

(d) the effect of the provisions in the section on investment in new renewable power generation and on investment in new nuclear power generation;

(e) any effective subsidy provided to, or additional profits accruing to, operators of existing and new nuclear power stations as a result of the provisions in the section;

(f) what additional package of measures will be enacted to mitigate the impact of the section on energy-intensive industries;

(g) the impact on business investment of—

(i) changes to Schedule 6 to the Finance Act 2000 made by Finance Act 2011;

(ii) changes to Schedule 6 to the Finance Act 2000 made by this Act.”—(Catherine McKinnell.)

Question put, That the amendment be made.

The Committee divided: Ayes 12, Noes 17.

Division number 8 Decision Time — Clause 92 - Climate change levy: carbon price support rates for 2016-17

Aye: 12 MPs

No: 17 MPs

Aye: A-Z by last name

No: A-Z by last name

Question accordingly negatived.

Clauses 92 and 93 ordered to stand part of the Bill.

Schedule 16 agreed to.