Budget Resolution No. 28: Capital gains tax (employee-ownership trusts)
362Ayes
164Noes
Carried · majority 198 · Government won122 did not vote
648 Members · Aye 362 · No 164 · DNV 122 · grey dots in centre are abstentions
Analysis
Commons
Commons
Parliament voted on 2 December 2025 to approve Budget Resolution No. 28, which sets out the capital gains tax treatment of employee-ownership trusts (EOTs) as part of the government's 2025 Budget package. The resolution passed by 362 votes to 164. EOTs are structures that allow a company's employees to collectively own a share of the business. The resolution forms part of the legal framework needed to implement the CGT rules for such trusts announced in the Budget. In practical terms, approving budget resolutions of this kind is a necessary procedural step before the relevant tax legislation can be brought into force. Labour and Labour and Co-operative MPs voted unanimously in favour, providing the government's majority. The Conservatives, Liberal Democrats, Reform UK, and the Democratic Unionist Party all voted against, reflecting broad opposition-bloc rejection of the Budget package rather than any recorded split within those parties. Three Green MPs and a small number of independents also supported the resolution. The vote sits within the wider series of Budget resolutions being processed through Parliament following the 2025 Budget announcement.
Voting Aye meant
Support the government's proposed capital gains tax rules for employee-ownership trusts as part of the Budget package
Voting No meant
Oppose this Budget resolution, either rejecting the specific CGT treatment of employee-ownership trusts or opposing the broader Budget
Each row is one party. The stacked bar gives the within-party split of Aye / No / Absent; the columns on the right give the raw counts. The whip column shows the published party position — “Free vote” means the whip was formally removed for this division.
Party
Whip
Aye / No / Abs
Aye
No
Abs
Labour Party
Whipped Aye
309
0
52
Conservative and Unionist Party
Whipped No
0
88
28
Liberal Democrats
Whipped No
0
58
13
Labour and Co-operative Party
Whipped Aye
39
0
3
Independent
—
8
4
1
Scottish National Party
—
0
0
9
Reform UK
Whipped No
0
8
0
Sinn Féin
—
0
0
7
Democratic Unionist Party
Whipped No
0
5
0
Green Party of England and Wales
Whipped Aye
3
0
1
Plaid Cymru
—
0
0
4
Social Democratic and Labour Party
—
1
0
1
Your Party
—
2
0
0
Alliance Party of Northern Ireland
—
0
0
1
Restore Britain
—
0
0
1
Speaker
—
0
0
1
Traditional Unionist Voice
—
0
1
0
Ulster Unionist Party
—
0
1
0
Source · Hansard · UK Parliament Votes API · whip status from announced positions; “free vote” indicates the whip was formally removed
Budget is morally necessary investment to lift children from poverty, rebuild NHS as public service, and tackle public health crisis; lifting two-child cap is paid for by tax avoidance crackdowns and gambling tax.Labour · Voted aye · Read full speech (4,668 words) →
Budget is a tax grab on working people without real reform plan; NHS waiting lists falling far too slowly; government failed to resolve strikes and has no credible social care strategy.Conservative · Voted no · Read full speech (2,779 words) →
Budget treads water on NHS; unclear how medicine price increases and reorganisation costs will be paid; calls for EU customs union and better GP access rather than tax rises.Liberal Democrat · Voted no · Read full speech (2,898 words) →
Budget is progressive and fair; lifting two-child cap will reduce child poverty by 500,000; tax reforms on wealthy and investment in employment support are sound policy.Labour · Voted aye · Read full speech (917 words) →
NHS frontline staff at St Thomas' hospital deserve recognition for managing through strikes; government must prevent further strike action.Labour · Voted aye · Read full speech (89 words) →
Budget lacks growth measures and imposes stealth taxes on working people; freeze on income tax thresholds and EV tax burden rural constituencies disproportionately.Independent · Voted no · Read full speech (714 words) →
Strongly defends two-child cap removal as moral imperative; criticizes Opposition for opposing child poverty relief despite UK being wealthy nation.Labour · Voted aye · Read full speech (543 words) →
Sources
Division dataUK Parliament Votes API
DebateHansard · Commons
Stance analysisAI analysis · Claude 4.x
LicenceOpen Parliament Licence v3.0