Economic Crime and Corporate Transparency Bill
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726 cc901-981 Session
2022-23Legislative stage
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Wednesday, 26 January 2022
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Tuesday, 20 December 2022
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Proceeding contributions
I beg to move, That the clause be read a Second time.
With this it will be convenient to discuss the following:
Government new clause 9—Disqualif...
Show all contributions (117)
It is a pleasure to speak to the Government’s amendments to the Economic Crime and Corporate Tran...
I want to say at the beginning of proceedings how fantastic it is to have a Minister who deeply c...
The hon. Lady gives me a significant reputation to live up to. She is right, however, that some o...
May I echo the voices of those saying how delightful it is to see the Minister at the Dispatch Bo...
I think it would be wrong to make any representations on any particular case, but seeking to enab...
Will the Minister give way?
I will make a little progress, if I may. I appreciate that there are a large number of Government...
Will the Minister give way?
I will give way to the right hon. Member on that point, because her many speeches in Parliament h...
I am very grateful that the Government have listened to our representations on accountability. I ...
Again, we discussed this at length in Committee. The right hon. Member’s perspective is that we s...
I am extremely grateful to the Minister for giving way again. This is not telling Companies House...
I am happy to respond to the right hon. Member’s new clause later when we have debated it. I have...
Let me echo the wide welcome that the Minister has received at the Dispatch Box. Has he had a cha...
Again, I think it would be wrong to comment on individual cases, but I take the right hon. Member...
I understand that every year there are about 1,200 disqualifications of unfit directors. Does the...
I did not quite hear the hon. Member’s whole point. Is it about the quality and quantity of infor...
No. There are about 1,200 disqualifications a year. How many more does the Minister believe may a...
We do not have the data to be able to say. It obviously depends on numerous factors. As I say, we...
I join others in welcoming the Minister to his place.
Two of my constituents have lost thei...
It sounds like a matter for the Financial Conduct Authority, which does not directly relate to my...
I congratulate my hon. Friend on bringing this Bill forward and welcome him to his place. He know...
That may not be part of this Bill, but it is part of my portfolio, I am pleased to say. My hon. F...
It is a pleasure to follow the Minister and to speak to our amendments.
The Labour party ha...
Is the hon. Lady aware that many stakeholders strongly feel that the Bill’s powers require furthe...
I thank the hon. Lady for her comments. She is alluding to a theme that goes through the Bill: we...
My hon. Friend is making an excellent speech and pushing for even better legislation. Does she ag...
My hon. Friend is absolutely right. The amendment would do two things. It would change the cultur...
Before returning to our new clause 16, I will briefly take an intervention from my right hon. Fri...
My hon. Friend is making a brilliant speech. Does she agree that it is vital that we have a much ...
My right hon. Friend is right about keeping our legislation up to date. He says that with great a...
My hon. Friend is making an excellent contribution to the debate. The point is that the Governmen...
My right hon. Friend is absolutely right. We should be ambitious for the registrar and for Compan...
Is not the point that if someone is convicted of a criminal offence, the court automatically has ...
I thank the hon. Member for his intervention. Perhaps he is missing some of our argument around t...
indicated dissent.
It is a risk—the Minister is shaking his head, so I am going to repeat it—for a backdoor route to...
I will just complete my point and then bring the Minister in if he wishes to intervene. I would b...
I am grateful to the hon. Lady for giving way. It is not a backdoor to try to get around the legi...
I am grateful to the Minister for his intervention, and for setting out the context and the Gover...
Does my hon. Friend agree there can be absolutely no objection to that approach? In the Minister’...
The Minister has heard what my right hon. Friend says. If that is what Parliament wishes and inte...
Does my hon. Friend believe that this afternoon’s debate has covered the important area of phoeni...
That is part of what we seek, but there is further to go. I know that amendments tabled by other ...
That is exactly how it will work.
I thank the Minister for his confirmation. The legislation is not as tight as we would like it to...
My hon. Friend is raising a really important point, which has been put into some question by a ju...
I thank my right hon. Friend for her intervention and for the discussions that we had on this mat...
I rise to speak to new clause 20 and the amendments tabled in the name of my right hon. Friend th...
My hon. Friend is making some valid points, as I would expect from the Chair of the Treasury Comm...
I think I heard the Minister acknowledge that Companies House needs more resources, and that thos...
At this point in the cycle, I cannot believe there is not a resource budget. Even within the cons...
The right hon. Lady makes some excellent points. Once the Minister does this work, it may well tu...
Is the point not also that if we raise the fees, rather than their falling to the general taxpaye...
That is my point—my hon. Friend has made it much better than I was. This is an offer to the Minis...
I am glad to rise on this auspicious day to discuss this auspicious Bill. Today is auspicious not...
I pay tribute to the Minister for the work he has done on this issue when he was one of us on the...
Yes. I have remarked in Committee, as the Minister will well remember, on the number of occasions...
Does the hon. Member agree that waivers for warlords is exactly the kind of information that the ...
The right hon. Member makes an incredibly important point. The case reported in the press today s...
I thank the hon. Lady for giving way and wish many happy returns to her mother.
The hon. La...
I agree. The hon. Gentleman is anticipating my moving on to new clause 20, which talks to some of...
Before I call Dame Andrea Leadsom, I remind everybody that a number of cases are still before the...
It is a pleasure to follow the hon. Member for Glasgow Central (Alison Thewliss). I agree with mu...
I welcome the Minister to his place. I enjoyed working with him for a number of years on the Back...
I am always interested in what the right hon. Lady has to say. We have shown that we are willing ...
It is an important clause—I agree with the Minister on that—but equally, if we introduce a duty t...
The disease of not listening troubles me. I am not saying that the Government are not listening, ...
My hon. Friend makes an important point, because we legislated last year to create a register of ...
The right hon. Member is raising a very important case, which she rightly says I have referred to...
On the last point, the Minister is right that such companies cannot sell or lease the property, b...
My right hon. Friend is making an excellent speech. Does she agree that the US model is worth loo...
My hon. Friend is absolutely right and I will refer to that a little later in my contribution.
We have wrestled with a similar issue on tax agents, where it has become clear that people are fi...
The hon. Member makes a valid point, as he always does. That is a parallel argument for ensuring ...
Does my right hon. Friend agree that if the Minister does not agree with new clause 20, he is in ...
Absolutely. The Minister always assures us that he will be on top of it, but he will not be there...
I will give way to the hon. Member for Amber Valley (Nigel Mills) and then I will give way to the...
I am not sure I should pull rank on the Minister, but I am grateful to the right hon. Lady. Does ...
If that has been proposed, it has not been proposed in the Bill. I am not hostile to that; it is ...
My hon. Friend the Member for Amber Valley (Nigel Mills) has made absolutely the right point: as ...
My simple response to the Minister is to invite him to share with us the current budget estimate ...
indicated dissent.
Well, an estimate must be available, because we know where we are in the cycle. We know that some...
In regulations.
Okay. But if the fee is too much, I still suggest that the Minister looks at subsections (5), (6)...
I rise to speak to new clauses 17, 18, 19, 101, 102 and 103 in my name, and to support new clause...
I wholeheartedly agree with the content, sentiment, analysis and explanation that the hon. Member...
This is a first-rate piece of legislation, which is both timely and important in the ongoing figh...
I rise to speak to new clauses 37 and 38. May I start by informally correcting the record? The Ha...
My hon. Friend is making a good case on the impact of phoenixing on individuals and our constitue...
I absolutely agree with my hon. Friend. Subcontractors also come to us with these issues. As well...
It is always a pleasure to follow the hon. Member for Paisley and Renfrewshire North (Gavin Newla...
I thank the Minister for giving way. Would he commit to a meeting with the right hon. Member for ...
I am always happy to have a meeting with the hon. Lady—we met only last week to discuss her amend...
The Minister has made the point today and in Committee about this data being collected and report...
I am happy to have a meeting with the hon. Lady to discuss the different things that she thinks s...
The Minister talks about the need for secondary legislation. Does he have an idea of the timescal...
I cannot give a fixed timescale for the regulations, but clearly the quicker we get the Bill to R...
I made the point earlier about my name appearing in three places on the register, with three diff...
As the hon. Lady knows, the unique identifier will not be public, because we think that could inc...
Of course, the Minister will not want accounts to be inadvertently linked where there may be two ...
That is an operational matter for Companies House; it is not for me as the Minister. The registra...
Will the Minister give way?
I have been told that I need to make progress, but I thank the right hon. Lady—my former partner ...
Will the Minister give way?
Very briefly, and just to the right hon. Lady.
Will the Minister accept any of the amendments or new clauses brought forward by Back Benchers to...
As the right hon. Lady knows, new clause 15, which we tabled today, is based on some of the debat...
Will the Minister give way briefly?
I am sorry, but I must conclude. I do apologise.
To conclude there, I thank all the Members...