Part of Finance Bill – in a Public Bill Committee am 3:30 pm ar 10 Mai 2007.
Philip Dunne
Ceidwadwyr, Ludlow
3:30,
10 Mai 2007
I am aware of that. That is not in dispute, and we are not complaining about that. I am complaining that it will go up by 22 per cent. in one go for no apparent reason other than to raise revenue for the Chancellor. Of course, that is part of his job, but he is singling out that industry. That will have much wider ramifications, which have not been thought through, or clearly explained to the nation. I look forward to hearing how the Financial Secretary can justify them.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
