Labour call for emergency VAT cut
Labour is to call on Chancellor George Osborne to make an emergency VAT cut as MPs brace themselves for a late Commons sitting.
There is no time limit for report stage debate on the Finance Bill and it is understood that parliamentary officials expect the Commons to rise in the early hours.
Many coalition MPs were left frustrated in May when debate on the Bill's committee stage ran until 4.34am, blaming a Labour "filibuster".
The late sitting cost taxpayers at least £4,870, including £2,708 for transport costs and £2,162 for printing copies of the official record Hansard.
The Finance Bill will enact many of the tax and spending measures announced in Mr Osborne's Budget.
Shadow treasury minister David Hanson said Labour had tabled an amendment to the legislation calling for a temporary VAT cut to "get the stalled economy moving again".
He said: "Alongside our call for a temporary cut in VAT, we have also tabled an amendment calling on the Government to produce and publish to Parliament an assessment of their mistaken VAT rise on economic growth.
"In the six months since the spending review and VAT rise, the UK economy has seen no growth at all, we have seen a significant fall in consumer confidence and last month a sharp fall in retail sales. It's time the Government realised this VAT hike was the wrong tax rise at the wrong time."
David Cameron last week told MPs it was the "height of insanity" to call for a VAT cut.
The Prime Minister will also face a call from his own backbenches to make good on a pre-election pledge to recognise marriage in the tax system. Tory MP Fiona Bruce has tabled an amendment, supported by several colleagues, demanding that non-working spouses be able to transfer income tax allowances, reducing a married couple's combined tax bills.