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49. Income of Estates of Deceased Persons

Resolved,

That provision (including provision having retrospective effect) may be made about the taxation as income of sums comprised in the estates of deceased persons.

50. Benefits in Kind (Cars Available for Private Use)

Resolved,

That provision may be made in relation to cars available for private use.

51. Incapacity Benefit

Resolved,

That section 139 of the Finance Act 1994 shall have effect as follows--

(a) in subsection (5), for the definition of "initial period of incapacity" there shall be substituted--

"`initial period of incapacity', in relation to incapacity benefit, means any period for which short-term incapacity benefit is payable otherwise than at the higher rate; and"; and

(b) after that subsection there shall be inserted the following subsection- -

"(6) The reference in subsection (5) above to short-term incapacity benefit payable at the higher rate shall be construed in accordance with sections 30B(5), 40(8) and 41(7) of the Social Security Contributions and Benefits Act 1992 and the corresponding provisions of the Social Security Contributions and Benefits (Northern Ireland) Act 1992."

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

52. Short Rotation Coppice

Resolved,

That provision may be made about short rotation coppice.

53. Trading Stock on Discontinuance of a Trade

Resolved,

That provision may be made amending section 100 of the Income and Corporation Taxes Act 1988.

54. Change of Residence

Resolved,

That provision may be made about cases where a person who is engaged in carrying on a trade, profession or vocation ceases to be resident in the United Kingdom or becomes so resident.

55. Relief for Pre-trading Expenditure

Resolved,

That provision may be made amending section 401 of the Income and Corporation Taxes Act 1988.

56. Change of Basis of Assessment Under Schedule D

Resolved,

That provision (including provision having retrospective effect) may be made amending, and with respect to the exploitation of, Schedule 20 to the Finance Act 1994.

57. Partnerships

Resolved,

That provision (including provision having retrospective effect) may be made about the taxation of persons who carry on trades, professions or businesses in partnership.

58. Lloyd's Underwriters (New Style Special Reserve Funds)

Resolved,

That provision may be made deeming paragraph 2 of Schedule 20 to the Finance Act 1993 to have been enacted with a modification.

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59. Capital Allowances (Sales, Etc. of Buildings and Structures)

Resolved,

That provision may be made, for the purposes of Part I of the Capital Allowances Act 1990, about arrangements affecting the value of an interest in a building or structure.

60. Petroleum Revenue Tax (Unrelievable Losses From Abandoned Fields)

Resolved,

That provision may be made amending section 6 of the Oil Taxation Act 1975 with respect to cases where certain claims or elections for the allowance of expenditure are received by the Board on or after 29th November 1994.

61. Petroleum Revenue Tax (Transfer of Interests in Oil Fields)

Resolved,

That provision may be made amending paragraph 7 of Schedule 17 to the Finance Act 1980 with respect to transfers of the whole or part of interests in oil fields on or after 29th November 1994.

62. Stamp Duty (Associated Bodies)

Resolved,

That provision may be made about stamp duty in relation to transactions between associated bodies.

63. Levy Under Section 13 of the Ports Act 1991

Resolved,

That provision may be made about the assessment of the levy chargeable under section 13 of the Ports Act 1991.

64. Relief From Tax (Incidental and Consequential Charges)

Resolved,

That it is expedient to authorise any incidental or consequential charges to any duty or tax (including charges having retrospective effect) which may arise from provisions designed in general to afford relief from taxation.

PROCEDURE (FUTURE TAXATION)

Resolved,

That, notwithstanding anything to the contrary in the practice of the House relating to the matters which may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions taking effect in a future year--

(a) provision about the deduction of tax from payments of interest in respect of deposits;

(b) provision about sub-contractors in the construction industry; (c) provision about the policies which are to be qualifying policies under Schedule 15 to the Income and Corporation Taxes Act 1988;

(d) provision about persons who are not resident in the United Kingdom and the persons through whom they act;

(e) provision about the management of tax.

FINANCE [MONEY]

Queen's Recommendation having been signified--

Resolved,

That, for the purposes of any Act of the present Session relating to finance, it is expedient to authorise--

(a) the payment out of money provided by Parliament of sums payable by the Secretary of State by virtue of provisions of that Act relating to vehicle excise and registration;

(b) the issue out of the National Loans Fund of sums required by the Commissioners of Inland Revenue for the payment of compensation in respect of tax deposits withdrawn for cash;

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(c) any increase attributable to any provision of that Act in the sums payable out of money provided by Parliament under the Ports Act 1991.

Bill ordered to be brought in upon the foregoing resolutions: And that the Chairman of Ways and Means, Mr. Chancellor of the Exchequer, Mr. Secretary Howard, Mr. Secretary Heseltine, Mr. Secretary Gummer, Mr. William Waldegrave, Mr. Secretary Portillo, Mr. Secretary Dorrell, Mr. Jonathan Aitken, Mr. David Heathcoat-Amory, Mr. Anthony Nelson and Sir George Young do prepare and bring it in.

Finance Bill

Sir George Young accordingly presented a Bill to grant certain duties, to alter other duties, to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance: And the same was read the First time; and ordered to be read a Second time tomorrow and to be printed. [Bill 6.]

PUBLIC EXPENDITURE

Mr. Deputy Speaker-- put forthwith the Questions necessary to dispose of proceedings on the motion relating to further expenditure, pursuant to Order [29 November].

Motion made, and Question proposed,

That this House welcomes the spending plans announced in the Budget statement by Mr. Chancellor of the Exchequer on 29th November; congratulates Her Majesty's Government on its firm control over public expenditure, its drive for greater efficiency and economy in all areas of government, and its progress in reducing the share of national income taken by the public sector while improving key public services; and commends the Government's determination to maintain sound public finances.--[ Mr. Andrew Mitchell.]

Amendment proposed to the Question, to leave out from "House" to the end of the Question and to add instead thereof:

`notes the real cuts in the Government's new spending plans set out in the Budget Statement presented by Mr. Chancellor of the Exchequer on 29th November, which are the result of the complete failure of Government policies to achieve either high employment or the basis for sustainable high economic growth; regrets the absence of any strategy for using public investment to help generate growth and employment, and the derisory progress made in attracting private finance to public projects; condemns the unacceptable cuts to key public services and public investment programmes, while forcing public sector workers to continue to pay the price of the Government's economic failure; and condemns the betrayal of election pledges which will savage transport and housing programmes, slash the employment budget, especially training, further reduce support for local authorities, and leave increasing numbers of fellow citizens in poverty.'.-- [Mr. Derek Foster.]

Question put, That the amendment be made:--

The House divided: Ayes 279, Noes 325.

Division No. 11] [23.07 pm

AYES

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Column 271

Abbott, Ms Diane

Adams, Mrs Irene

Ainger, Nick

Ainsworth, Robert (Cov'try NE)

Allen, Graham

Alton, David

Anderson, Donald (Swansea E)

Anderson, Ms Janet (Ros'dale)

Armstrong, Hilary

Ashdown, Rt Hon Paddy

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Ashton, Joe

Austin-Walker, John

Banks, Tony (Newham NW)

Barnes, Harry

Barron, Kevin

Battle, John

Bayley, Hugh

Beckett, Rt Hon Margaret

Beith, Rt Hon A J

Bell, Stuart

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Benn, Rt Hon Tony

Bennett, Andrew F

Benton, Joe

Bermingham, Gerald

Berry, Roger

Betts, Clive

Blair, Rt Hon Tony

Blunkett, David

Boateng, Paul

Boyes, Roland

Bradley, Keith

Bray, Dr Jeremy

Brown, Gordon (Dunfermline E)

Brown, N (N'c'tle upon Tyne E)

Bruce, Malcolm (Gordon)

Burden, Richard

Byers, Stephen

Caborn, Richard

Callaghan, Jim

Campbell, Menzies (Fife NE)

Campbell, Mrs Anne (C'bridge)

Campbell, Ronnie (Blyth V)

Campbell-Savours, D N

Cann, Jamie

Carlile, Alexander (Montgomry)

Chidgey, David

Chisholm, Malcolm

Church, Judith

Clapham, Michael

Clark, Dr David (South Shields)

Clarke, Tom (Monklands W)

Clelland, David

Clwyd, Mrs Ann

Coffey, Ann

Cohen, Harry

Connarty, Michael

Cook, Frank (Stockton N)

Cook, Robin (Livingston)

Corbett, Robin

Corbyn, Jeremy

Corston, Jean

Cousins, Jim

Cox, Tom

Cummings, John

Cunningham, Jim (Covy SE)

Cunningham, Rt Hon Dr John

Dafis, Cynog

Dalyell, Tam

Darling, Alistair

Davidson, Ian

Davies, Bryan (Oldham C'tral)

Davies, Ron (Caerphilly)

Davies, Rt Hon Denzil (Llanelli)

Davis, Terry (B'ham, H'dge H'l)

Denham, John

Dewar, Donald

Dixon, Don

Dobson, Frank

Donohoe, Brian H

Dowd, Jim

Dunnachie, Jimmy

Dunwoody, Mrs Gwyneth

Eagle, Ms Angela

Eastham, Ken

Enright, Derek

Etherington, Bill

Evans, John (St Helens N)

Ewing, Mrs Margaret

Fatchett, Derek

Faulds, Andrew

Field, Frank (Birkenhead)

Fisher, Mark

Flynn, Paul

Foster, Don (Bath)

Foster, Rt Hon Derek

Foulkes, George

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