Finance Bill out with just days to make it law

by Gavin Hinks

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01 Apr 2010

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Gordon Brown

The Treasury has published the 2010 Finance Bill leaving just days to bring the Budget measure into force.

Running to 240 pages, the bill emerged lunchtime today. The Prime Minister is expected to go to the Queen on Tuesday to seek the dissolution of Parliament which is expected to take place either at the end of next week (9 April) or the following Monday (11 April). All government will come to halt the moment Parliament is dossolved.

It is anticipated the government will use a "wash-up" process to force the bill through. But this requires a second reading and will need the consent of the opposition to be successful. No debate of the bill's measures would take place in such a process. It remains unclear what approach the Tories and Lib Dems will take or what would remain in the bill and what would be left out.

The Financial Secretary to the Treasury, Stephen Timms, said:“The Government has taken unprecedented action to support the economy through the recession.The Finance Bill published today will help to secure the recovery by introducing further targeted support for businesses and households. Following its passage, around half the tax measures we have announced to halve the deficit will have been passed into law.”

Read more:

Accountancy Age Budget special

The Finance Bill 2010

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