text_body: --- DIVISION TITLE ---
  
  Finance (No. 2) Bill - Decline Second Reading
  
  --- MOTION EFFECT ---
  
  MPs were considering the Finance (No. 2) Bill.[1][2][3]
  
  Specifically MPs were considering a motion:
  
  :That the Bill be now read a Second time.
  
  An amendment was proposed:
  
  :That this House
  :''declines'' to give a Second Reading to the Finance (No. 2) Bill because it derives from a Budget that failed to guarantee a pay rise for NHS workers after their unparalleled service over the last year;
  :''because'' it undermines the countryâs economic recovery, targeting household finances by freezing income tax allowances before increasing the rate of corporation tax;
  :''because'' it does nothing to mitigate the effect on family finances of the sharp council tax rise in April;
  because it contains measures connected with a cut to social security later in the year; and 
  :''because'' it fails to set out the ambitious plan for jobs and growth that is needed to help the country emerge strongly from the worst economic crisis of any major economy.
  
  The motion rejected by a majority of MPs in this vote was:
  
  :That the amendment be made.
  
  Notably the "amendment" was presented in the form of a new motion, rather than as an amendment to the original motion. 
  
  The Bill included:
  
  * A provision to impose income tax during the tax year 2022-23
  * To set the 2022-2023 rates for income tax at: Basic rate - 20%; Higher rate - 40%; Additional rate - 45%. (No change on the previous year)
  * To increase the tax rates on taxed dividend income. 
  * To retain the threshold for starting to tax interest on savings at Â£5,000. 
  * To introduce a new rule for businesses started after 31 March in a year, treating profits and losses arising in that year as arising in the following year. 
  
  
  
  --
  
  
  * [1] [https://bills.parliament.uk/bills/3060 Parliament's webpage on the Finance (No. 2) Bill], Parliament.uk
  * [2] [https://publications.parliament.uk/pa/bills/cbill/58-02/0225/210225.pdf The Finance (No. 2) Bill (as amended in Committee and Public Bill Committee), 11 January 2022], Parliament.uk
  * [3] [https://publications.parliament.uk/pa/bills/cbill/58-02/0184/en/210184en.pdf Explanatory notes to the Finance (No. 2) Bill], Parliament.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  