UK Parliament / Open data

Economic Crime and Corporate Transparency Bill

Debate on bills on Thursday, 13 October 2022, in the House of Commons, led by Suella Braverman. The answering members were Yvette Cooper and Dean Russell.
Second reading. Agreed to on question. Programme motion relating to committal, proceedings in Public Bill Committee, on consideration and third reading. Agreed to on question. Money resolution and King's resolution signified. Agreed to on question. Ways and means resolution. Agreed to on question.
Type
Parliamentary proceeding
Reference
720 cc280-343 
Session
2022-23
Legislative stage
Second reading
Chamber / Committee
House of Commons chamber
Economic crime. Treasury Committee eleventh report.
Wednesday, 26 January 2022
Parliamentary committees
House of Commons
Economic crime: responses to the Committee's eleventh report of session 2021-22. Treasury Committee eighth special report.
Monday, 25 April 2022
Parliamentary committees
House of Commons
Economic Crime and Corporate Transparency Bill 2022-23
Thursday, 22 September 2022
Bills
House of Commons
Proceeding contributions
Suella Braverman | 720 c281 (Link to this contribution)

I beg to move, That the Bill be now read a Second time.

Following Putin’s unconscionable in...

Andy Slaughter | 720 c281 (Link to this contribution)

I just wonder why it took a war in Europe for action to take place on this matter, why for years ...


Show all contributions (99)
Suella Braverman | 720 c281 (Link to this contribution)

I am not sure what point the hon. Gentleman is making. Important strides are being taken forward ...

Suella Braverman | 720 c281 (Link to this contribution)

If I can just make some progress, I will come back to the hon. Gentleman.

Having acted imme...

Stephen Doughty | 720 c281 (Link to this contribution)

I thank the Home Secretary for giving way. One issue I have raised with Foreign, Commonwealth and...

Suella Braverman | 720 c282 (Link to this contribution)

The hon. Gentleman raises a really important and valid point. The Bill will go some way to dealin...

Jim Shannon | 720 c282 (Link to this contribution)

Just last year, as everyone in the House will remember very well, the Police Service of Northern ...

Suella Braverman | 720 c282 (Link to this contribution)

I thank the hon. Gentleman for raising that point. I am very happy to build further and closer en...

Catherine West | 720 c282 (Link to this contribution)

On the agencies, does the Home Secretary accept that it has taken an awfully long for the Governm...

Suella Braverman | 720 cc282-3 (Link to this contribution)

I am very pleased that we are taking this action now. I take on board the point that this has bee...

Layla Moran | 720 c283 (Link to this contribution)

One of the areas this place will struggle to scrutinise is golden visas. It has now been four yea...

Suella Braverman | 720 c283 (Link to this contribution)

When it comes to golden visas, I was very proud of the action the Government took in relation to ...

Chris Bryant | 720 c283 (Link to this contribution)

The sale? You were selling them?

Suella Braverman | 720 c283 (Link to this contribution)

The issuance—excuse me—of golden visas to particular individuals from Russia. I agree that there ...

Chris Bryant | 720 c283 (Link to this contribution)

I think the Home Secretary said the sale of tier 1 visas, as if the Government or the Conservativ...

Suella Braverman | 720 c283 (Link to this contribution)

I think the hon. Gentleman will find that this has actually been a long-standing issue for Admini...

Chris Bryant | 720 c284 (Link to this contribution)

Look, some of us have been battling on this for a very long time. Some of us said in 2014 that if...

Suella Braverman | 720 c284 (Link to this contribution)

No, I disagree. I will not repeat the points that I have made, but I am very proud of our record....

Kevin Hollinrake | 720 c284 (Link to this contribution)

Late last year, NatWest was fined £265 million for facilitating money laundering through its UK b...

Suella Braverman | 720 c284 (Link to this contribution)

I agree with my hon. Friend, who has a huge amount of expertise and has achieved a huge amount in...

Baroness Hodge of Barking | 720 c284 (Link to this contribution)

If the Home Secretary does agree with what was said by the hon. Member for Thirsk and Malton (Kev...

Suella Braverman | 720 c284 (Link to this contribution)

I accept what the right hon. Lady says, but the Government have already taken steps to establish ...

Jim Shannon | 720 c285 (Link to this contribution)

I thank the Secretary of State for generously giving way again. I understand that 929 companies r...

Suella Braverman | 720 cc285-6 (Link to this contribution)

We want to ensure that there are more restrictions on who can register with Companies House so th...

Kevin Hollinrake | 720 c286 (Link to this contribution)

It is very good news that we are moving from a register to a regulator. On the capacity of Compan...

Suella Braverman | 720 c286 (Link to this contribution)

Resourcing the agencies and organisations, such as Companies House, to better fight the threat of...

Yvette Cooper | 720 c286 (Link to this contribution)

The Home Secretary is being generous in giving way. The point about institutions being able to ca...

Suella Braverman | 720 c286 (Link to this contribution)

Last year’s spending review settlement set out that the economic crime levy would provide funding...

Catherine West | 720 c286 (Link to this contribution)

Will the Home Secretary give way?

Suella Braverman | 720 c286 (Link to this contribution)

I will make some progress. As hon. Members have said, I have been very generous, but I am struggl...

Chris Bryant | 720 c286 (Link to this contribution)

Will the Home Secretary give way on that point?

Suella Braverman | 720 cc286-7 (Link to this contribution)

I am sorry, but I will not.

The powers of the registrar of companies will be broadened, mak...

Catherine West | 720 c287 (Link to this contribution)

The Witanhurst property, a 500-room mansion in Highgate, is the second largest property in the UK...

Suella Braverman | 720 c287 (Link to this contribution)

Without knowing the details of that case, what is clear is that the reforms to Companies House wi...

Chris Bryant | 720 c287 (Link to this contribution)

The Home Secretary is being generous in giving way; I am very grateful. I warmly welcome all thes...

Suella Braverman | 720 c287 (Link to this contribution)

The transformation of Companies House has been under consideration for some time, and the Treasur...

Suella Braverman | 720 c287 (Link to this contribution)

The transformation is already under way, with £20 million invested in 2021-22 and a further £63 m...

Kate Green | 720 c288 (Link to this contribution)

Will the Home Secretary give way?

Suella Braverman | 720 cc288-9 (Link to this contribution)

I am going to continue.

The Bill will tackle the misuse of limited partnerships, including ...

Andy Slaughter | 720 c289 (Link to this contribution)

I am grateful to the Home Secretary for giving way; I know that she is about to finish her speech...

Suella Braverman | 720 c289 (Link to this contribution)

The hon. Gentleman raises two issues concerning the regulators. We need to ensure that they strik...

Baroness Winterton of Doncaster | 720 c289 (Link to this contribution)

I call the shadow Home Secretary, Yvette Cooper.

12.41 pm

Yvette Cooper | 720 cc289-290 (Link to this contribution)

Let me first join in the tributes paid earlier by Members on both sides of the House to Sir David...

Yvette Cooper | 720 c290 (Link to this contribution)

If the Home Secretary wants to respond to any of those points, I shall welcome her doing so.

Suella Braverman | 720 c290 (Link to this contribution)

I am not sure whether it has dawned on the right hon. Lady that we are here to talk about the Eco...

Yvette Cooper | 720 cc290-1 (Link to this contribution)

There are plenty of aspects of the Bill that we can discuss, but I note that the Home Secretary c...

Catherine West | 720 c291 (Link to this contribution)

My right hon. Friend is making an excellent speech. Does she agree that it is also necessary for ...

Yvette Cooper | 720 cc291-2 (Link to this contribution)

My hon. Friend has made an important point which I hope can be explored further in Committee. The...

Chris Bryant | 720 c292 (Link to this contribution)

In fact, we tabled some of the measures in the Bill as amendments in 2018, and all that lot voted...

Yvette Cooper | 720 cc292-3 (Link to this contribution)

My hon. Friend makes an important point, and I pay tribute to the work he has done over very many...

Chris Bryant | 720 c293 (Link to this contribution)

One issue that is quite difficult for UK agencies concerns moneys that come from British companie...

Yvette Cooper | 720 cc293-4 (Link to this contribution)

My hon. Friend is right. Our law enforcement needs a level of agility to keep up with the scale a...

Kate Green | 720 c294 (Link to this contribution)

My right hon. Friend is making a powerful speech. I want to return to the question of resources f...

Yvette Cooper | 720 c294 (Link to this contribution)

My hon. Friend makes an important point, because enforcement in these areas saves money—for the e...

John Penrose | 720 c294 (Link to this contribution)

Does the shadow Home Secretary agree that strengthening our enforcement and plugging the enforcem...

Yvette Cooper | 720 cc294-5 (Link to this contribution)

The hon. Member makes a very important point. There are issues around both whistleblowing and saf...

Damian Hinds | 720 cc295-6 (Link to this contribution)

I support this important Bill, which seeks to tackle this most international of criminal problems...

Damian Hinds | 720 c296 (Link to this contribution)

On that point, I give way to my hon. Friend.

Kevin Hollinrake | 720 c296 (Link to this contribution)

I am very supportive of that, as my right hon. Friend knows, but I rise to make another point. He...

Damian Hinds | 720 cc296-7 (Link to this contribution)

I do think we need to look at this more closely, although it is even more complex than my hon. Fr...

Alison Thewliss | 720 cc297-8 (Link to this contribution)

I am glad to follow the right hon. Member for East Hampshire (Damian Hinds), whom I believe was t...

Peter Grant | 720 c298 (Link to this contribution)

There is, of course, only one Alison Thewliss. She mentioned Graham Barrow as one of a number of ...

Alison Thewliss | 720 cc298-302 (Link to this contribution)

I absolutely agree and share my hon. Friend’s concerns. Graham Barrow does great work on Twitter ...

Mary Robinson | 720 cc301-3 (Link to this contribution)

It is a pleasure to be called to speak on Second Reading of this important Bill.

To maintai...

Baroness Hodge of Barking | 720 cc303-5 (Link to this contribution)

It is a pleasure to follow the hon. Member for Cheadle (Mary Robinson), who has been a passionate...

Kevin Hollinrake | 720 c305 (Link to this contribution)

The right hon. Lady is making a fantastic speech, and it is always a pleasure to listen to her an...

Baroness Hodge of Barking | 720 cc305-7 (Link to this contribution)

Hear, hear! I completely concur with the hon. Gentleman, and it is a real pleasure to work with h...

Kevin Hollinrake | 720 cc307-9 (Link to this contribution)

It is a pleasure to speak in this debate and a particular pleasure to speak after the right hon. ...

Peter Grant | 720 c309 (Link to this contribution)

Does the hon. Gentleman agree that there is a grave injustice when those who have done the right ...

Kevin Hollinrake | 720 cc309-310 (Link to this contribution)

The hon. Gentleman makes a very interesting point. We need to clamp down on enablers of all kinds...

Valerie Vaz | 720 cc310-3 (Link to this contribution)

It is a pleasure to follow the hon. Member for Thirsk and Malton (Kevin Hollinrake), and I will p...

John Penrose | 720 cc313-5 (Link to this contribution)

I guess the simplest way to greet this Bill is with a massive cheer of hooray. Many of us in this...

Kevin Hollinrake | 720 c314 (Link to this contribution)

My hon. Friend is making a fantastic speech. On that point, I talked about my constituent, Ian Fo...

John Penrose | 720 cc314-6 (Link to this contribution)

That is absolutely right and a very good example. Again, it is relatively simple to fix. It would...

Layla Moran | 720 cc316-8 (Link to this contribution)

It is a pleasure to follow the hon. Member for Weston-super-Mare (John Penrose), who has champion...

Peter Grant | 720 c318 (Link to this contribution)

What does it say about the Government’s priorities if they have taken six years and not brought i...

Layla Moran | 720 c319 (Link to this contribution)

I agree with the hon. Member. It needs to be done for the cost to the economy alone, but also for...

Andy Slaughter | 720 cc319-322 (Link to this contribution)

To listen to the Home Secretary opening the debate, one would think the Government had a good rec...

Peter Grant | 720 cc321-6 (Link to this contribution)

Being a Scot, and in deference to the sensitivities of supporters of Celtic, Rangers and the Scot...

Kate Green | 720 cc326-9 (Link to this contribution)

It is a pleasure to speak in this debate, which has faced in two extreme directions at once. On t...

Margaret Ferrier | 720 cc329-330 (Link to this contribution)

I shall be brief. I welcome the Minister to his place and I welcome the Bill. I am glad to see Mi...

Seema Malhotra | 720 cc330-5 (Link to this contribution)

It is indeed a pleasure to speak on Second Reading of this important Bill. But before I begin my ...

Baroness Laing of Elderslie | 720 c333 (Link to this contribution)

I call, to make his debut at the Dispatch Box, Minister Dean Russell.

3.42 pm

Dean Russell | 720 cc333-7 (Link to this contribution)

Thank you, Madam Deputy Speaker. May I begin by sending my condolences to the family and friends ...

Alison Thewliss | 720 c337 (Link to this contribution)

I thank the Minister for his explanation. To be clear, is the verification scheme through the exi...

Dean Russell | 720 cc337-8 (Link to this contribution)

I thank the hon. Member for her question. I will gladly respond to her in writing so that she has...

Alison Thewliss | 720 c338 (Link to this contribution)

I understand the Minister’s point, but it seems incongruous that while Government Departments mak...

Dean Russell | 720 cc338-9 (Link to this contribution)

I thank the hon. Member for her comments. The flexibility will be there, and that is something to...

John Penrose | 720 c339 (Link to this contribution)

Is the Minister able—I am afraid his answer largely parallels a letter he already wrote to me, wh...

Dean Russell | 720 cc339-341 (Link to this contribution)

I thank my hon. Friend for his comments. I appreciate that he would love me to give a date. I can...

Baroness Laing of Elderslie | 720 c341 (Link to this contribution)

The Minister does actually have one hour and one minute left to speak. That is easy for me to say...

Dean Russell | 720 c341 (Link to this contribution)

In that case, shall I start my new speech, Madam Deputy Speaker? I will not, because I am conscio...

Seema Malhotra | 720 c341 (Link to this contribution)

I recognise that the Minister has made a huge set of comments on the issues that were raised, but...

Dean Russell | 720 c342 (Link to this contribution)

I note the hon. Member’s comments. I will look into that further and follow up with more detail i...

Nigel Evans | 720 c342 (Link to this contribution)

Congratulations on your first outing, Minister.

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