division_name: Bills Presented &#8212; Affordable Homes Bill &#8212; New Clause 10 &#8212; Review of reform to the annual investment allowance
motion: <p class="" pid="b.932.2/1" pwmotiontext="yes">I beg to move, That the clause be read a Second time.</p>
  
  <p class="" pid="b.932.2/2" pwmotiontext="yes">New clause 10 takes us back to 2010 and the heady first few months of this Government. It takes us back to a time when the coalition, having inherited a growing economy from the Labour Government, choked that recovery off by adopting an anti-growth, short-termist, short-sighted approach to supporting business and jobs. As hon. Members will be aware, one of the Chancellor&#8217;s first moves in government was to announce in the June 2010 Budget that he was cutting Labour&#8217;s annual investment allowance. The new clause asks the Government to undertake a proper review of the impact on business investment of that terrible decision. We need to learn the lessons from that dreadful mistake.</p>
  
  <p pid="b.955.4/1" pwmotiontext="yes"><i>Question put,</i> That the clause be read a Second time.</p>
  
  <p class="italic" pid="b.955.4/2" pwmotiontext="yes">The House divided:</p>
  
  <p pid="b.955.4/3" pwmotiontext="yes">Ayes 247, Noes 306.</p>