division_name: Bill Presented &#8212; Devolution (London) Bill &#8212; New Clause 1 &#8212; Impact of changes to the bank levy rate and of the banking companies surcharge
motion: <p pid="c.373.1/1" pwmotiontext="yes">&#8216;(1) The Chancellor of the Exchequer shall, within three months of the passing of this Act, undertake a review of the overall impact of the changes made by sections 16 and 17 of, and schedules 2 and 3 to, this Act, on:</p>
  
  <p pid="c.373.1/2" pwmotiontext="yes">(a) the structure of bank balance sheets;</p>
  
  <p pid="c.373.1/3" pwmotiontext="yes">(b) the long-term tax revenue from the banking sector; and</p>
  
  <p pid="c.373.1/4" pwmotiontext="yes">(c) competition and diversity within the banking sector.</p>
  
  <p pid="c.373.1/5" pwmotiontext="yes">(2) The Chancellor of the Exchequer must lay a copy of the review before both Houses of Parliament.&#8217;&#8212;<i>(Alison McGovern.)</i></p>
  
  <p class="italic" pid="c.373.1/6" pwmotiontext="yes">Brought up, and read the First <i>time</i>.</p>
  
  <p pid="c.373.1/7" pwmotiontext="yes"><i>Question put,</i> That the clause be read a Second time.</p>
  
  <p class="italic" pid="c.373.1/8" pwmotiontext="yes">The Committee divided:</p>
  
  <p pid="c.373.1/9" pwmotiontext="yes">Ayes 228, Noes 302.</p>