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Finance (No. 2) Bill

My hon. Friend is absolutely right. If the Labour party succeeds tonight, those 26 million people will pay £124 more in income tax next year.

This is a Finance Bill that gives people more power over their own lives, a Finance Bill that helps businesses to invest and create jobs, and a Finance Bill that reduces the burden of taxation on millions of income tax payers. In addition to our progress in improving skills, reforming welfare and strengthening our infrastructure, this Bill will help us to build a more resilient economy. This Bill is a further example of the Government working through our long-term economic plan and I commend it to the House.

Question put, That the amendment be made.