G20 Summit

Debate between Baroness Stowell of Beeston and Baroness Garden of Frognal

Monday 17th November 2014 Lords Chamber

[Baroness Stowell of Beeston]

I thank the noble Lord for his remarks about Peter Kassig. I join him in sending condolences to his friends and family. Across this House, and the country as a whole, there is unity in our views on the terrible atrocities that have happened and in the support we send out to the victims.

I turn to the noble Lord’s comments about the Prime Minister’s Statement and the events at the G20 summit. The Prime Minister’s Statement shows that the UK is setting the agenda at global summits and leading the way when it comes to action. The noble Lord asked specific questions about tax and tax avoidance. My right honourable friend the Prime Minister made this a high priority at the G8 summit last year. Because of doing so, we now see some real progress in this area. Every one of the Crown dependencies and British Overseas Territories has signed up to an action plan on beneficial ownership, so that is clearly progress. Some of them have registers and some are considering making them public, but crucially, every single one of them has agreed to automatic exchange of tax information. That is a real breakthrough because it means that all these tax authorities are exchanging that information and companies cannot hide where they are making their money. As I said when I repeated the Prime Minister’s Statement, when they pay their fair share in tax it means that there is less burden on everyone else.

The noble Lord asked about Ukraine and whether the message to Russia was clear enough. One interesting thing at the G20 summit was that all the foreign leaders present were clear and united in their message to President Putin. There can be no mistake about their views on the need to withdraw from Ukraine. Clearly, if there is more destabilisation in Ukraine, that would trigger greater sanctions. Similarly, if there were a taking down of destabilisation, that would lead to removal of sanctions. But I agree with the noble Lord that what is really important is that this conflict is not forgotten and does not become a so-called frozen conflict in Europe in the way that the world moved on after the destabilisation of Georgia.

Again, we were very much in the lead in ensuring that climate change was part of the agenda for debate and discussion at the G20 summit. There is pressure on all countries to bring forward their plans for the meeting in Paris next year. We have set money aside ready to make our contribution to the climate fund, and will do so in the way to which we have been committed. We are proud to be in the lead on that.

The noble Lord asked about specific pledges made on Ebola. At the G20, Korea and Japan made specific pledges and of course Australia backed up its plan to provide 100 beds in Sierra Leone. As the House will recall from the Statement that I repeated after the recent European Council summit, the Prime Minister was successful in ensuring that the combined contribution from European countries to Ebola has increased to €1 billion. We should not forget that on Ebola it is not just about financial support. There are very many other ways in which countries are lending their support, which is an important aspect of our efforts in the fight against that dreadful disease.

As far as what the noble Lord said about the economy and the Prime Minister’s remarks this morning, let us be absolutely clear: the UK is leading the world, along with America, in terms of growth. That was recognised at the G20 by the head of the IMF. It is only now that we are seeing the problems that other countries face that we can see just how well this country is performing because of the measures that we implemented, and the plans that we have for the future are essential to that continuing. The private sector has created 2 million more new jobs in the past four years and 400,000 new businesses have got off the ground. We are leading the way. We must, however, be very conscious that there are serious threats from elsewhere, but there is no question that we are not on the right course economically.

[Baroness Garden of Frognal (LD)]

My Lords, may I just remind noble Lords that there are 20 minutes for questions? As a matter of courtesy, it would be much appreciated if noble Lords could keep their interventions brief.