division_name: Economic Affairs
motion: <p class="" pid="a.634.5/1" pwmotiontext="yes">I beg to move, as an amendment to the Address, at the end of the Question to add:&#8212;</p>
  
  <p class="indent" pid="a.634.5/2" pwmotiontext="yes">"but regret that the Gracious Speech contains nothing that will reduce regulation, cut excessive bureaucracy or give the taxpayer value for money; condemn the Treasury for sponsoring 70 new regulations per working day, for blocking real reform of public services and for the consequent failure to deliver cleaner hospitals, school discipline, controlled immigration, more police on the streets and a lower tax economy; further regret that the Gracious Speech contains no measures to reverse the Chancellor's punitive taxation of pension funds and reductions in tax incentives to save which have contributed to cutting the savings ratio by one third whilst household debt now exceeds one trillion pounds; are disturbed that more pensioners are means tested than ever before whilst 2 million pensioners live in poverty; note that the Treasury's failure to provide taxpayer value and the waste of billions of pounds on unnecessary expenditure means that another round of stealth tax rises is inevitable under this Government; and further deplore the fact that there are no measures in the Gracious Speech to reverse the Government's policy of high levels of regulation and taxation which have resulted in the UK slipping from fourth to eleventh in the international competitiveness league and having a lower GDP per head than Ireland.".</p>
  
  <p pid="a.734.6/1" pwmotiontext="yes"><i>Question put,</i> That the amendment be made:&#8212;</p>
  
  <p pid="a.734.6/2" pwmotiontext="yes"><i>The House divided:</i> Ayes 149, Noes 380.</p>