Finance (No. 2) Bill Report Stage: Amendment 5

Wednesday, 11 March 2026 · Division No. 447 · Commons

172Ayes
283Noes
Defeated

192 MPs did not vote

rightGovernment defeatedAnti Tax Increase(Yes)Pro Fiscal Consolidation(No)Pro Public Spending(No)Lower Income Tax(Yes)

Voting Yes means

Support the Conservative amendment on income tax thresholds, signalling opposition to Labour's tax and spending approach

Voting No means

Reject the Conservative amendment, backing the government's existing income tax threshold policy as part of restoring fiscal order

What happened: On 11 March 2026, MPs voted on Amendment 5 to the Finance (No. 2) Bill at Report Stage -- the legislative phase where the full House of Commons considers proposed changes to a bill after it has been through detailed committee scrutiny. The amendment, put forward from the right of the political spectrum as a challenge to the government's budget proposals, was defeated by 283 votes to 172. The government successfully defended its original fiscal legislation.

Why it matters: The Finance (No. 2) Bill is the legal vehicle through which the government enacts the tax and spending measures announced in the Budget. Amendment 5 sought to modify those measures, though the limited debate extracts available do not allow precise identification of the specific provision targeted. The bill's passage matters practically to taxpayers and businesses: media coverage around this period focused heavily on increases to Air Passenger Duty taking effect from April 2026, suggesting tax rises affecting travellers were among the live policy changes embedded in the legislation. Defeating the amendment keeps the government's original fiscal plans on course.

The politics: The vote split almost entirely along government-versus-opposition lines. Labour and Labour Co-operative MPs voted unanimously against the amendment (283 Noes), while Conservatives (96), Liberal Democrats (52), Reform UK (7), the Greens (4), Plaid Cymru (4), and several smaller parties and independents all voted in favour. This broad but ultimately outnumbered cross-opposition alliance reflects the standard dynamic of a majority government holding its budget legislation intact. The vote sits within a wider pattern of fiscal confrontation: in late March 2026, the government also successfully defeated multiple Lords amendments to the National Insurance Contributions (Employer Pensions Contributions) Bill, consistently winning those divisions by margins of around 115 votes -- suggesting a government confident in its parliamentary majority on economic matters.

How They Voted

Government position: No

Labour PartyWhipped No
0 Aye/253 No
Conservative and Unionist PartyWhipped Aye
96 Aye/0 No
Liberal DemocratsWhipped Aye
52 Aye/0 No
Labour and Co-operative PartyWhipped No
0 Aye/30 No
Independent
5 Aye/2 No
Reform UKWhipped Aye
7 Aye/0 No
Green Party of England and WalesWhipped Aye
4 Aye/0 No
Plaid CymruWhipped Aye
4 Aye/0 No
Democratic Unionist Party
2 Aye/0 No
Traditional Unionist Voice
1 Aye/0 No
Ulster Unionist Party
1 Aye/0 No
Your Party
1 Aye/0 No

What They Said in the Debate

James Wild

Conservative · North West Norfolk

Opposed

Opposes Bill's £66 billion tax rises, frozen thresholds affecting 1 million higher-rate taxpayers, inheritance tax on farms/businesses breaking PM pledge, and pension inheritance tax; argues measures stifle growth and break manifesto commitments.

Voted Aye

Sir Ashley Fox

Conservative · Bridgwater

Opposed

Challenges Government on £66 billion tax discrepancy versus manifesto promise of £7 billion; argues tax rises penalise hard-working people creating wealth while benefits spending rises to £406 billion.

Voted Aye

Mr Joshua Reynolds

Labour · Maidenhead

Questioning

Questions whether loan charge settlement excludes those who already settled, arguing retrospective application would simplify tax system and preserve future settlement credibility.

Voted Aye

Dan Tomlinson

Labour · Chipping Barnet

Supportive

Government minister defending amendments as technical clarifications and necessary measures to deliver economic stability, support public services, and control borrowing without raising main income tax rates or VAT.

Voted No

Chris Vince

Labour · Harlow

Supportive

Supports Government tax decisions as enabling NHS investment and reducing A&E waits; sees fiscal responsibility and public service investment as justifying measures.

Voted No

Ms Stella Creasy

Labour · Walthamstow

Supportive

Strongly supports new clause 4 cracking down on tax avoidance finfluencers; argues online tax misinformation causes real financial harm to constituents, particularly vulnerable low-income groups following false advice.

Voted No

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