text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 2 - Rate of VAT
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to reduce VAT from 20% to 17.5% 
  @ MP voted no against reducing VAT from 20% to 17.5% 
  
  The majority of MPs voted against reducing VAT from 20% to 17.5% 
  
  MPs were considering the Finance Bill when they rejected the following proposed new clause:
  
  :(1) In section 2(1) of the Value Added Tax Act 1994 (Rate of VAT) for â20 per centâ substitute â17.5 per centâ.
  :(2) Subsection (1) shall have effect from Royal Assent and shall expire at such time as the Government presents to Parliament a report stating that the UK economy has returned to strong growth.
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  