division_name: Finance Bill &#8212; New Clause 11 &#8212; Capital gains tax and employee shareholders
motion: <p class="" pid="c.811.2/1" pwmotiontext="yes">I beg to move, That the clause be read a Second time.</p>
  
  <p class="" pid="c.811.2/2" pwmotiontext="yes">New clause 11 relates to the Government&#8217;s employee shareholder scheme, more commonly known as &#8220;shares for rights&#8221;. It seeks to probe the Government on the scheme&#8217;s performance to date and the costs to the Exchequer in the form of capital gains tax exemptions. We have debated the subject at some length, so I thought that it would be helpful to give some background to jog hon. Members&#8217; memories before setting out the reasons why the Opposition tabled the new clause.</p>
  
  <p pid="c.835.2/1" pwmotiontext="yes"><i>Question put, </i>That the clause be read a Second time.</p>
  
  <p class="italic" pid="c.835.2/2" pwmotiontext="yes">The House divided:</p>
  
  <p pid="c.835.2/3" pwmotiontext="yes">Ayes 233, Noes 303.</p>