division_name: Orders of the Day &#8212; Finance Bill
motion: <p class="" pid="b.656.4/1" pwmotiontext="yes">I beg to move, That the Bill be now read a Second time.</p>
  
  <p class="" pid="b.656.4/2" pwmotiontext="yes">At the time of the Budget, my right hon. Friend the Chancellor was able to set out an upbeat account of the state of the British economy. It was not just my right hon. Friend, however: I draw the House's attention to the International Monetary Fund's report on the UK economy in February, which referred to</p>
  
  <p class="" pid="b.662.5/1" pwmotiontext="yes">I beg to move, To leave out from "That" to the end of the Question, and to add instead thereof:</p>
  
  <p class="indent" pid="b.662.5/2" pwmotiontext="yes">"this House declines to give a second reading to the Finance Bill because it fails to equip the UK to compete in the globalised world economy in the face of ever increasing competition from countries such as China and India, penalises small companies with higher tax rates and a more complicated tax system, hits freelance workers with more tax bureaucracy and uncertainty, involves yet further instability and U-turns on pensions policy and does nothing to tackle the UK's worsening pensions crisis, gives HM Revenue and Customs intrusive and disproportionate new powers of investigation, misses the opportunity to provide effective mechanisms for tackling climate change, fails to reform the UK tax law after years of erosion of its competitiveness, and fails to reverse the massive increase in complexity and instability which the Chancellor has inflicted on the tax system of the UK."</p>
  
  <p pid="b.757.1/1" pwmotiontext="yes"><i> Question put, </i>That the amendment be made:&#8212;</p>
  
  <p pid="b.757.1/2" pwmotiontext="yes"><i> The House divided:</i> Ayes 168, Noes 283.</p>