G20

In this area, on this occasion, the G20 rather under-delivered. We have made progress on the exchange of tax information, which is vital, and on the idea that every country has to have a process of transparency for beneficial ownership so that tax authorities can find out who owns what, but the hon. Lady is right that the third leg is further progress on the extractive industries and the extractive industries transparency initiative. We made limited progress, but it was not a strong feature of what we agreed at the weekend.