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Business without Debate

Volume 527: debated on Tuesday 26 April 2011

European Union Documents

Motion made, and Question put forthwith (Standing Order No. 119(11),

Short Selling and Certain Aspects of Credit Default Swaps

That this House takes note of European Union Document No. 13840/10 and Addenda 1 and 2, relating to the draft Regulation on Short Selling and certain aspects of Credit Default Swaps, and No. 7379/11, relating to the corresponding Opinion of the European Central Bank; and supports the Government’s position that proposals should not impact market efficiency and liquidity, in particular in relation to sovereign debt.—(Mr Vara.)

The Speaker’s opinion as to the decision of the Question being challenged, the Division was deferred until tomorrow (Standing Order No. 41A).

Removing Cross-border Tax Obstacles

That this House takes note of European Union Document No. 5037/11 and Addendum, relating to the Commission Communication on Removing cross-border tax obstacles for EU citizens; recognises the Government’s continuing commitment to strengthening the single market while upholding the principles of tax sovereignty and subsidiarity; shares the Government’s view that any resulting legislative proposals should be examined carefully for their implications for UK tax policy and competence; and supports the Government’s position that decisions on tax proposals within the EU should be subject to unanimity.—(Mr Vara.)

Question agreed to.

Order. Just before the hon. Member for Milton Keynes South (Iain Stewart) gets under way, I appeal to Members leaving the Chamber to do so quickly and quietly so that he gets a fair hearing.