MPs begin debate on budget changespublished at 18:32 Greenwich Mean Time 11 December 2017
Finance Bill
House of Commons
Parliament
Paymaster General Mel Stride opens the second reading debate on the Finance Bill, which enacts changes announced in the Autumn Budget.
He says that changes to stamp duty mean 80% of first-time buyers will now be exempt from the levy, improving the affordability of homes for younger people.
The bill will seek to improve air quality by higher taxes on diesel engines, he adds.
He says £4.7bn has been allocated to research and development, including £300m specifically for scientific ambitions.