text_body: --- DIVISION TITLE ---
  
  Finance (No. 2) Bill - Decline Second Reading
  
  --- MOTION EFFECT ---
  
  @ MP voted aye against a range of tax and pensions provisions including keeping key income tax rates unchanged and against raising the normal pension age to 57 from 6 April 2028.
  
  @ MP voted no for a range of tax and pensions provisions including keeping key income tax rates unchanged and to increase the normal pension age to 57 from 6 April 2028.
  
  
  The majority of MPs voted for a range of tax and pensions provisions including keeping key income tax rates unchanged and raising the normal pension age to 57 from 6 April 2028.
  
  MPs were considering the Finance (No. 2) Bill.[1][2][3]
  
  MPs were considering the motion:
  
  :That the Bill be now read a Second time.
  
  The amendment rejected by a majority of MPs in this vote was:
  
  :That this House
  :''declines'' to give a Second Reading to the Finance (No. 2) Bill because it does nothing to help people who are struggling with the rising costs of living, who are being hit by the cut to universal credit, or who are facing a rise in National Insurance Contributions and a freeze in the Income Tax Personal Allowance from next April, because it nonetheless cuts taxes for banking companies and derives from a Budget that will see the tax burden rise to its highest level in 70 years and announced cuts in air passenger duty for UK domestic flights, and because it fails to set out a plan to grow the UKâs economy, fundamentally reform business rates, and create better jobs for the future.
  
  Notably the amendment was phrased as a new motion, rather than an amendment. 
  
  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. 
  * To increase the the normal minimum pension age to 57 from 6 April 2028
  
  
  
  --
  
  
  * [1] [https://bills.parliament.uk/bills/3060 Parliament's webpage on the Finance (No. 2) Bill], Parliament.uk
  * [2] [https://bills.parliament.uk/publications/43399/documents/874 The Finance (No. 2) Bill (as introduced), 4 November 2021], 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)
  