text_body: --- DIVISION TITLE ---
  
  Finance Bill - Assessment of Impact of Corporation Tax Cut on Banking Sector
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require the publication of an assessment of the impact on the banking sector of the change to the main rate of corporation tax for financial year 2011 proposed within the Finance Bill. 
  
  @ MP voted no against requiring the publication of an assessment of the impact on the banking sector of the change to the main rate of corporation tax for financial year 2011 proposed within the Finance Bill. 
  
  The majority of MPs voted against requiring the publication of an assessment of the impact on the banking sector of the change to the main rate of corporation tax for financial year 2011 proposed within the Finance Bill. 
  
  The Finance Bill[1] contained provisions to enact a statement made in the Budget that corporation tax will be cut from 28% to 27% in 2011, and cut by a further 1% in each of the following three years.[2][3]
  
  The division was on an amendment[4] to the Finance Bill[1] proposed by the Shadow Financial Secretary to the Treasury Stephen Timms. The amendment stated: 
  
  :[http://www.publications.parliament.uk/pa/cm201011/cmbills/003/11003.1-5.html#j1020 Clause  1,  page  1,  line  6],  at end addâ
  
  (2) Prior to this rate taking effect, the Chancellor will place in the Library of the House of Commons an assessment of the impact of this clause on the banking sector.
  
  The amendment was seconded by Alistair Darling, Liam Byrn and  Angela Eagle
  
  
  * [1] [http://www.publications.parliament.uk/pa/cm201011/cmbills/003/11003.i-ii.html Finance Bill as at 1st July 2010]
  * [2] [http://www.theyworkforyou.com/debate/?id=2010-06-22a.166.2 George Osborne, Chancellor of the Exchequer, House of Commons Emergency Budget Speech 22 June 2010]. 
  * [3] [http://www.hm-treasury.gov.uk/junebudget_documents.htm June 2010 Budget Documents]
  * [4] [http://www.publications.parliament.uk/pa/cm201011/cmbills/003/amend/pbc0031207m.23-29.html Amendment Sheet] (Amendment voted on is no. 34)  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  