Tory MPs are attacking the Bill during a second reading debate complaining that the measure gives unfettered discretion to the Treasury, establishes no clear principles for the accounting of income and expenditure and will allow mandarins to omit large public assets from the national balance sheet.
A clash over the Bill is also looming between Treasury ministers and members of the powerful all-party Commons Public Accounts Committee over their demand for the Comptroller and Auditor General and his National Audit Office to be able to follow public money wherever spent, including arms-length state-owned companies.
But the legislation will pass by a large majority and be sent for detailed examination to a Commons committee.
Some parts of Atacama have not received rainfall for 500 years - but a sudden deluge of water upset the Desert's delicate biological balance
Spitzer Space Telescope could not spot Oumuamua, suggesting that it is actually pretty small
Greenland crater one of the 25 largest impact craters on Earth
This long-sought progenitor star was identified in an image captured by Hubble in 2007