Finance Bill 2017


The committee stage and third reading of the Finance Bill were held on a single day because of time restrictions owing to the General Election being called for June 8. 

The first Finance Bill of 2017, much reduced, cleared its Commons stages in a little over two and a half hours this afternoon. 

The selection of amendments for today's Finance Bill committee stage debate shows that the Government plan to remove a majority of the Finance Bill - 72/135 clauses and 18/29 schedules. - following discussions with the Opposition.
[NB. This blog has been corrected 26/4/17 to reflect that the original schedule 17 has been dropped from the Bill]

Prime Minister Theresa May has announced a snap general election will be held on 8 June 2017, subject to winning a vote in Parliament today (April 19), which is expected to be a formality. Under the Fixed Term Parliaments Act, two-thirds of MPs (434 of them) must back her motion.