UK Parliament / Open data

Economic Crime and Corporate Transparency Bill

Debate on bills on Wednesday, 25 January 2023, in the House of Commons, led by Tom Tugendhat. The answering member was Stephen Kinnock.
Report stage (second day). New clause 14, debated with further new clauses and Government amendments, and agreed to. New clause 3 negatived on division (220 to 290). New clause 26 negatived on division (222 to 289). New clause 27 negatived on division (221 to 289). Clauses 171, 172, 188, Schedules 6-8, amendments made. Third reading. Agreed to on question. Bill passed.
Type
Parliamentary proceeding
Reference
726 cc1041-1116 
Session
2022-23
Legislative stage
Third reading and Report stage
Procedure
New clauses
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
Fraudulent company registrations: Economic Crime and Corporate Transparency Bill.
Tuesday, 8 November 2022
Parliamentary committees
House of Commons
Economic Crime and Corporate Transparency Bill 2022-23. As amended in Committee.
Tuesday, 29 November 2022
Bills
House of Commons

Show all related items (5)
Proceeding contributions
Tom Tugendhat | 726 c1044 (Link to this contribution)

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

Roger Gale | 726 cc1044-8 (Link to this contribution)

With this it will be convenient to discuss the following:

New clause 1—Disclosure of inform...


Show all contributions (112)
Tom Tugendhat | 726 cc1050-1 (Link to this contribution)

It is a pleasure to see you in your place, Mr Deputy Speaker, and it is the first time I have had...

Bob Seely | 726 c1051 (Link to this contribution)

On the SRA, will the Bill address the strategic lawsuits against public participation that we hav...

Tom Tugendhat | 726 cc1051-2 (Link to this contribution)

The Bill is concerned only with economic crime and corporate transparency, and the regulations wi...

Baroness Hodge of Barking | 726 c1052 (Link to this contribution)

Will the Minister expand on that interesting point? How would any of the amendments on SLAPPs, a ...

Tom Tugendhat | 726 c1052 (Link to this contribution)

The question is at what stage do we bring a Bill forward—do we wait for it to be perfect or do we...

Jonathan Djanogly | 726 c1052 (Link to this contribution)

Will my right hon. Friend give way?

Tom Tugendhat | 726 c1052 (Link to this contribution)

I will give way; I should have known that I was lining that up.

Jonathan Djanogly | 726 c1052 (Link to this contribution)

Yes, because my right hon. Friend touched on asset seizures and tempted me. Of course, Canada has...

Tom Tugendhat | 726 c1052 (Link to this contribution)

My hon. Friend is absolutely right, but he is also no doubt aware that there is much discussion i...

Jonathan Djanogly | 726 c1052 (Link to this contribution)

My right hon. Friend is generous in giving way again. All this law is new: our unexplained wealth...

Tom Tugendhat | 726 c1053 (Link to this contribution)

My hon. Friend is absolutely right, but I note that some hon. Members cheering would also cheer t...

Liam Byrne | 726 c1053 (Link to this contribution)

I salute the Minister’s leadership on much of this agenda when he was a brilliant Chair of the Fo...

Tom Tugendhat | 726 c1053 (Link to this contribution)

The right hon. Gentleman is extremely kind about my former work and, typically, slightly less so ...

Tom Tugendhat | 726 c1053 (Link to this contribution)

I will not, because I am going to close.

Despite all the areas that we could have gone into...

Stephen Kinnock | 726 cc1053-4 (Link to this contribution)

We on the Opposition Benches have been clear that the Bill is long overdue. It has been painful t...

Layla Moran | 726 c1054 (Link to this contribution)

On golden visas, I think the hon. Member will agree that the response we have had so far is unpal...

Stephen Kinnock | 726 cc1054-7 (Link to this contribution)

I thank the hon. Lady for her intervention. The new clause on golden visas that she mentioned is ...

John Penrose | 726 c1056 (Link to this contribution)

I thank the shadow Minister for giving way—I have an enormous amount of time for an awful lot of ...

Stephen Kinnock | 726 cc1056-8 (Link to this contribution)

The hon. Gentleman speaks with great knowledge on this issue, and he is right that we need a stre...

Liam Byrne | 726 c1059 (Link to this contribution)

I am grateful to my hon. Friend for making such a brilliant speech. Among the greatest victims of...

Stephen Kinnock | 726 c1059 (Link to this contribution)

As always, I agree absolutely with my right hon. Friend’s views on the matter. That cannot be bey...

Kevin Hollinrake | 726 c1059 (Link to this contribution)

New clause 27 is interesting. It is about setting up a fund for compensation of victims of econom...

Stephen Kinnock | 726 c1059 (Link to this contribution)

The Minister tempts me to write Labour’s manifesto right here at the Dispatch Box. It is an issue...

Kevin Hollinrake | 726 c1059 (Link to this contribution)

Will the hon. Member confirm that he is expecting the taxpayer to contribute to the fund? Is that...

Stephen Kinnock | 726 c1059 (Link to this contribution)

No. This is based on a fund that is generated through fines and through accountability for those ...

Liam Byrne | 726 c1059 (Link to this contribution)

Is my hon. Friend scandalised as I am that at the moment only 40% of fines from economic criminal...

Stephen Kinnock | 726 c1060 (Link to this contribution)

That is precisely the point. There is an opportunity to generate revenue that could be deployed t...

Baroness Hodge of Barking | 726 c1060 (Link to this contribution)

Further to that point, does my hon. Friend agree, and I hope that the Government agree, that if t...

Stephen Kinnock | 726 c1060 (Link to this contribution)

Again, my right hon. Friend has hit the nail on the head. We need a war chest and that should be ...

Barry Sheerman | 726 c1060 (Link to this contribution)

I am convinced by my hon. Friend’s argument, but one thing worries me. Having the resources would...

Stephen Kinnock | 726 cc1060-1 (Link to this contribution)

My hon. Friend is absolutely right. As I mentioned earlier, my right hon. Friend the Member for I...

Robert Buckland | 726 cc1061-3 (Link to this contribution)

I draw hon. Members’ attention to my entry in the Register of Members’ Financial Interests.

Liam Byrne | 726 c1063 (Link to this contribution)

The right hon. and learned Member is making a brilliant speech, and the proposals he is stewardin...

Robert Buckland | 726 c1063 (Link to this contribution)

I am grateful to the right hon. Gentleman. Jonathan Hall, the independent reviewer of terrorism l...

Jonathan Djanogly | 726 c1064 (Link to this contribution)

Has my right hon. and learned Friend also considered the Bribery Act, where a similar set of proc...

Robert Buckland | 726 cc1064-5 (Link to this contribution)

My hon. Friend is absolutely right. Of course, he was a Minister in the Ministry of Justice when ...

Baroness Hodge of Barking | 726 c1065 (Link to this contribution)

I want to add to the excellent speech that the right hon. and learned Gentleman is making and to ...

Robert Buckland | 726 cc1065-6 (Link to this contribution)

The right hon. Lady leads me to the thrust of my argument on new clause 5, which is the identific...

John Penrose | 726 c1066 (Link to this contribution)

I congratulate my right hon. and learned Friend on making a powerful speech in favour of his new ...

Robert Buckland | 726 c1066 (Link to this contribution)

I was going to spare the blushes of the Minister for Security, my right hon. Friend the Member fo...

Tom Tugendhat | 726 c1066 (Link to this contribution)

Will my right hon. and learned Friend give way?

Tom Tugendhat | 726 c1066 (Link to this contribution)

What I am enormously enjoying in this Session is the way in which Bills are being picked up and p...

Robert Buckland | 726 cc1066-7 (Link to this contribution)

Well, my right hon. Friend must speak for himself. I will tell the House a story: I remember when...

John Penrose | 726 c1067 (Link to this contribution)

My right hon. and learned Friend is being very generous with his time. May I say very gently that...

Robert Buckland | 726 c1067 (Link to this contribution)

Well, I am trying to be the diplomat and the reasonable interlocutor here. My hon. Friend is play...

Liam Byrne | 726 c1067 (Link to this contribution)

I am incredibly grateful to the right hon. and learned Gentleman for his generosity in giving way...

Liam Byrne | 726 c1067 (Link to this contribution)

Yes. It is unusual for unity to break out on both sides of the House and on the Front and Back Be...

Robert Buckland | 726 cc1067-8 (Link to this contribution)

I think that there are two things: time and capacity. I do not criticise officials. I have never ...

Geoffrey Cox | 726 c1068 (Link to this contribution)

I draw the House’s attention to my entry in the Register of Members’ Financial Interests.

I...

Robert Buckland | 726 c1068 (Link to this contribution)

That is a fair question. What I seek is to tease out from the Government the juxtaposition with t...

Geoffrey Cox | 726 c1068 (Link to this contribution)

I have enormous sympathy with my right hon. and learned Friend, who is doing the House a service ...

Robert Buckland | 726 cc1068-9 (Link to this contribution)

I am always grateful to my right hon. and learned Friend; I greatly enjoyed our time working toge...

Baroness Hodge of Barking | 726 c1069 (Link to this contribution)

I am sorry to interrupt the right hon. and learned Gentleman’s excellent speech again, but does h...

Robert Buckland | 726 cc1069-1070 (Link to this contribution)

If not now, when? I entirely agree.

I had not quite finished outlining the Law Commission’s...

Alison Thewliss | 726 cc1070-1 (Link to this contribution)

It is a pleasure to follow the expertise of the right hon. and learned Member for South Swindon (...

Drew Hendry | 726 c1071 (Link to this contribution)

These are very important points. Given their importance, should the Minister not put down his pho...

Alison Thewliss | 726 c1071 (Link to this contribution)

One Minister is on his phone and the other—the hon. Member for Thirsk and Malton—is sitting at th...

Tom Tugendhat | 726 c1071 (Link to this contribution)

It is not the first time I have heard this speech.

Alison Thewliss | 726 cc1071-4 (Link to this contribution)

It is not, and it certainly will not be the last. It could be if the Minister accepted the amendm...

David Davis | 726 c1074 (Link to this contribution)

I am going to be brief and speak simply to new clauses 1 and 2, which stand in the name of the ri...

Stephen Kinnock | 726 c1074 (Link to this contribution)

The right hon. Gentleman makes a valid point. I agree that the creation of the scheme was under t...

David Davis | 726 cc1074-5 (Link to this contribution)

There is no doubt that the more recent you are, the more salient the case. Frankly, I can remembe...

Baroness Hodge of Barking | 726 cc1075-7 (Link to this contribution)

I shall be very brief, because I took a lot of time in the House yesterday. I strongly support ma...

Tom Tugendhat | 726 c1077 (Link to this contribution)

If the right hon. Lady can come up with a way to seize assets and use them for the purposes we ha...

Baroness Hodge of Barking | 726 c1077 (Link to this contribution)

This is not our idea. It comes from a recent seminar we held with lawyers who support the Royal U...

Baroness Hodge of Barking | 726 c1077 (Link to this contribution)

I thank the Minister. I am having a senior moment.

The SFO had clearly prepared the case ba...

Kit Malthouse | 726 cc1077-8 (Link to this contribution)

I understand the right hon. Lady’s point about the cost to the police and other authorities of fa...

Baroness Hodge of Barking | 726 c1078 (Link to this contribution)

Indeed, and we considered an amendment in yesterday’s debate to address that specific issue, so t...

Mary Robinson | 726 cc1078-1081 (Link to this contribution)

I rise to speak to new clause 7, which is in my name, and the names of Members across the House. ...

Layla Moran | 726 cc1079-1082 (Link to this contribution)

I rise to speak to the Liberal Democrat new clauses tabled in my name, with a particular focus on...

Alison Thewliss | 726 c1083 (Link to this contribution)

The hon. Lady is making some excellent points about the golden visas. Does she find the lack of c...

Layla Moran | 726 cc1083-4 (Link to this contribution)

I thank the hon. Lady for her point, which is well made. The thing is that the Government were cu...

Jonathan Djanogly | 726 cc1084-6 (Link to this contribution)

I rise to speak to new clause 23, in my name and those of the right hon. Member for Barking (Dame...

Baroness Winterton of Doncaster | 726 cc1086-7 (Link to this contribution)

I have now to announce the result of today’s deferred Divisions.

On the draft Environmental...

Liam Byrne | 726 cc1087-9 (Link to this contribution)

It is a pleasure to speak to new clauses 1 and 2 in my name and those of many others, and it is a...

Layla Moran | 726 c1089 (Link to this contribution)

The right hon. Member is making his point powerfully. Does he not agree that they are laughing at...

Liam Byrne | 726 c1089 (Link to this contribution)

The hon. Lady is absolutely right. Here we are, licensing a warlord to draw down funds and move t...

Clive Efford | 726 c1089 (Link to this contribution)

I commend my right hon. Friend for the work he has done consistently over a long period on this i...

Liam Byrne | 726 cc1089-1091 (Link to this contribution)

My hon. Friend is absolutely right. I said earlier that London is now the preferred strike point ...

Marie Rimmer | 726 cc1091-2 (Link to this contribution)

It is a great pleasure to follow my right hon. Friend the Member for Birmingham, Hodge Hill (Liam...

Tom Tugendhat | 726 c1092 (Link to this contribution)

My apologies, Madam Deputy Speaker. For some reason I was under the impression that the hon. Memb...

Tom Tugendhat | 726 c1093 (Link to this contribution)

Oh, are you ducking out? Very well.

Tom Tugendhat | 726 c1093 (Link to this contribution)

It is always a joy to hear from the hon. Gentleman.

Baroness Winterton of Doncaster | 726 c1093 (Link to this contribution)

Order. I think I should explain, for the benefit of Hansard, that the shadow Minister will be com...

Tom Tugendhat | 726 c1093 (Link to this contribution)

I thought that we were to have the joy and the privilege of hearing from the hon. Member for Aber...

Robert Buckland | 726 c1093 (Link to this contribution)

I am extremely grateful for what my right hon. Friend has said, but may I gently press him on the...

Tom Tugendhat | 726 c1093 (Link to this contribution)

My right hon. and learned Friend is certainly more learned than me, and I will certainly be liste...

Baroness Hodge of Barking | 726 c1093 (Link to this contribution)

I am grateful for the assurance that an amendment will be introduced in another place, but may I ...

Tom Tugendhat | 726 c1094 (Link to this contribution)

The right hon. Lady knows very well that I would find it impossible not to listen to her. I look ...

Mary Robinson | 726 c1094 (Link to this contribution)

I have indeed had a meeting with the Under-Secretary to discuss this. There is a long way to go o...

Tom Tugendhat | 726 c1094 (Link to this contribution)

I am grateful to my hon. Friend for that and to the Under-Secretary for having had those conversa...

Tom Tugendhat | 726 c1113 (Link to this contribution)

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

I will briefly thank a few people ...

Robert Neill | 726 c1113 (Link to this contribution)

I thank the Minister for his positive response to the amendments tabled by my right hon. and lear...

Tom Tugendhat | 726 c1114 (Link to this contribution)

I thank my hon. Friend the Chair of the Justice Committee. As he knows, this is an area of great ...

Nigel Evans | 726 c1114 (Link to this contribution)

Lucky Minister. I call the shadow Minister.

5.55 pm

Stephen Kinnock | 726 c1114 (Link to this contribution)

Like the Minister, I am keen to thank colleagues who have done so much and made so many valued co...

Nigel Evans | 726 c1114 (Link to this contribution)

Order. Mr Kinnock, you are going really wide of the mark on Third Reading. Please could you focus...

Stephen Kinnock | 726 cc1114-5 (Link to this contribution)

Thank you very much, Mr Deputy Speaker. I was just about to make the point that the Home Secretar...

Alison Thewliss | 726 cc1115-6 (Link to this contribution)

I thank everybody who has contributed to the Bill. It has been a cross-party and worthwhile effor...

Nigel Evans | 726 c1116 (Link to this contribution)

Happy Burns Night, everyone.

Question put and agreed to.

Bill accordingly read the Th...

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