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Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Monday, 28 April 2008. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.


Finance Bill

I thank the Financial Secretary for her consideration of our amendment. Early in her reply, she said that our party, which is governing in Scotland, and Plaid Cymru, which is jointly governing in Wales, needed to take responsible decisions. I thank her for pre-empting the day when we take decisions on these very matters in Scotland and Wales. The amendment is not irresponsible. It does not offer up a cost and it does not add confusion or uncertainty. We have had the uncertainty since the decision announced last autumn. The amendment seeks clarity. I turn to some of the points made by the hon. Member for Runnymede and Weybridge (Mr. Hammond), who was sensible on this issue. He said that the Government's measure was a home-grown own goal, which it is; he said that the Government had sacrificed business to short-term political advantage, and they have; and he said that we needed a properly thought out package of capital gains tax, and we do. He criticised the Financial Secretary for the Government's bringing forward of their CGT changes with no advance warning or discussion, and I agree entirely. He went on to say that schedules 2 and 3 will need detailed scrutiny upstairs in Committee, and I can hardly contain myself in anticipation of the glorious hours when we will do just that. The hon. Gentleman said that the amendment might still allow elements of schedule 2 to be proceeded with. I am sure that he will agree—in fact, I am also sure that the Financial Secretary would—that schedules 2 and 3 are opaque, long and impenetrable. Without the assistance of the civil servants or advisers that other parties have, I am unable to go into as much detail as I would have wanted to on schedule 2. However, I have presented a principled amendment that seeks the clarity that the Government have failed to provide so far. I wish to press amendment No. 8 to a Division. Question put, That the amendment be made:— The House divided: Ayes 68, Noes 302.


Secondary information

Type
Proceeding contribution
Reference
475 c68 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Companies Capital gains tax Corporation tax Bingo Amusement arcades Licensing Investment Income tax Gaming machines Pensioners Small businesses Tax allowances Taxation Tax rates and bands
Legislation
Finance Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk