We finished voting earlier than predicted tonight, at 10pm, and I’ve just been down to the Chamber to make a brief contribution in an adjournment debate about the closure of the Passport Office in Newport, which many people from Bristol – indeed, from across the South West –  use. Very good speech from Jessica Morden, the MP for Newport East, and lots of interventions from Welsh MPs (and me).

I’m now back in the office, once again immersed in the Finance Bill.  With occasional breaks for voting and cups of tea, I make that about seven hours preparation today… I think I can safely say that the speech I give in committee tomorrow morning on consortium claims for group relief, amending Chapter 4 of Part 5 of the Corporation Tax Act 2010, and the six “probing” amendments I have tabled on whether it should be restricted to companies within the EEA and whether there should be limitations based on the proportion of voting power held by a company will not be the most scintillating of my political career.

And then we get onto clauses entitled R+D relief for SMEs: removal of intellectual property condition; film tax credits: unused losses; insurance business transfer schemes: non-profit fund transferred assets; capital gains tax private residence relief for adult placement carers; and the reinvestment of ring fence assets: acquisition by member of group. None of which are particularly controversial and were actually being worked on by the Labour government before the General Election inconveniently intervened.

Tomorrow I will also be doing the winding-up speech at the end of the day for the Second Reading debate for the Savings Accounts and Health in Pregnancy Grant Bill. A four clause bill which does a lot of damage in a very few words, axing Child Trust Funds, the Saving Gateway and the Health in Pregnancy Grant. That should be livelier than the Finance Bill….

But back to work. And here’s a second shot at #keepingitpeel, another track from a Peel session. Chosen entirely at random.


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  • marc fenton  On November 1, 2010 at 6:32 am

    Don’t like your politics but your taste in music is quite good.

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