Committee stage Finance (No.2) Bill

Committee stage Finance (No.2) Bill, day two

The second day of debate took place on Thursday 18 April 2013.

• Watch Parliament TV: Committee of the whole House debate on the Finance (No.2) Bill, day two
• Read Commons Hansard: Committee of the whole House debate on the Finance (No.2) Bill, day two

Committee stage Finance (No.2) Bill, day one

The first day of debate on the Bill in a Committee of the wole House took place on Wednesday 17 April 2013.

• Watch Parliament TV: Committee of the whole House debate on the Finance (No.2) Bill, day one
• Read Commons Hansard: Committee of the whole House on the Finance (No.2) Bill, day one

Summary of the Finance (No.2) Bill

The Finance (No.2) Bill is the second finance bill introduced during the 2012-13 session of Parliament. The Bill will enact many of the measures announced in the Budget which was presented by the Chancellor of the Exchequer, George Osborne, on 20 March 2013.

• Catch up on Parliament News: Budget 2013 

The formal description of the Finance Bill is 'a Bill to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance'.

Progress of the Bill

The Bill was introduced to the House of Commons on 25 March 2013 and had its second reading on Monday 15 April 2013. The first day of debate on the Bill in a Committee of the Whole House took place on Wednesday 16 April 2013.

Keep up to date with all the proceedings and documentation, amendment papers, on the Finance (No.2) Bill and find out how a bill becomes an Act of Parliament.

• Follow Bills before Parliament: Finance (No.2) Bill
• About Parliament: Passage of a Bill

House of Commons Library analysis

The House of Commons Library produces briefing papers to inform MPs of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial. The Library has published the following briefing papers for the second reading.

• Read Library Briefing Paper: Economic Indicators, Budget Update
• Read Library Briefing Paper: Summary of the 2013 Budget
• Read Library Briefing Paper: Background to the 2013 Budget

What happens at a Committee of the whole House?

When a bill passses its second reading and is considered in detailed, this usually takes place in a Public Bill Committee held outside the Chamber and made up of between 16 and 20 MPs.

Occassionally a bill will be considered by a Committee of the whole House and this discussion tales place in the Chamber itself, where all MPs can take part.

Any bill can be referred to a Committee of the whole House, but the procedure is normally reserved for finance bills and other important or controversial legislation.

What happens next?

When the Bill has been considered by the Committee of the whole House other parts of the Bill will then be considered by a Public Bill Committee.