- 02/12/2025
- Posted by: Valerie Vaz MP
- Category: Local News, News
The Budget debate took place on 26 November and 2 December, at the end of which the House voted on each of the resolutions.
Following the Chancellor’s speech, the Commons agreed to a resolution under the Provisional Collection of Taxes Act 1968, allowing certain tax changes to take place immediately. The Commons authorised immediate changes to stamp duty reserve tax (SDRT) and to the rates of tobacco duty.
On 2 December, the House considered each of the resolutions the Chancellor tabled after the Budget.
MPs considered the Bill at Second Reading on Tuesday 16 December 2025. The Bill was read a second time: 341 Ayes and 195 Noes. It was agreed that the following shall be committed to a Committee of the whole House which will be held over two subsequent days on Monday 12 and Tuesday 13 January 2026:
(a) Clauses 1 to 8 and Schedules 1 and 2 (income tax charge and rates);
(b) Clauses 9, 10 and 69 (freezing of allowances);
(c) Clause 62 and Schedule 12 (agricultural property relief and business property relief);
(d) Clauses 63 to 68 (inheritance tax on pension interests);
(e) Clauses 83 to 85 and Schedule 13 (gambling duties);
(f) Clause 86 (rates of alcohol duty);
(g) any new Clauses or new Schedules relating to the subject matter of the Clauses and Schedules mentioned in paragraphs (a) to (f).
The remainder of the Bill will be committed to a Public Bill Committee. Proceedings in the Public Bill Committee shall (so far as not previously concluded) be brought to a conclusion on Thursday 26 February 2026.