Paradise Papers
Debate between Baroness Chapman of Darlington and Mel Stride(7 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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Mel Stride
My hon. Friend is right. We know how much we have brought in through clamping down on avoidance and evasion: £160 billion since 2010. We also know that we have about the lowest tax gap in the world and that it is far lower than it was under the last Labour Government. Those figures speak for themselves.
Jenny Chapman (Darlington) (Lab)
Further to the Minister’s response to my right hon. Friend the Member for Tottenham (Mr Lammy), will he explain why he thinks people saving for their children’s future would need to make use of accounts in Bermuda and the British Virgin Islands, when my constituents seem to manage it with the use of local building societies?
Mel Stride
I think that if the hon. Lady checks my answer to the question from her right hon. Friend in Hansard, she will see that that was not the totality of my response, and that I also referred to dollar-denominated trading and the complexities thereof. She may then be able to answer her own question.