Panama Papers

Debate between Baroness Stowell of Beeston and Lord Bishop of Coventry

Monday 11th April 2016 Lords Chamber

[Baroness Stowell of Beeston]

That is something that is an established way of recording. The noble Lord has challenged me, and I feel that I am entering into a zone where I am going to be asked about lots of technical financial matters that I am afraid I am probably not the best person to be able to respond on in detail. If I can provide the noble Lord with further information in writing, I will, but I assure him that this is a statement of fact and, I say to him, one that surely it should be pleasing to hear. We want to ensure that we collect as much tax as we possibly can. If we are collecting more than we have ever done before, that is a good thing.

[The Lord Bishop of Coventry]

My Lords, I am mindful that the OECD has estimated that tax havens may be costing developing countries up to three times the global aid budget. I am also mindful of the role of UK overseas territories and Crown dependencies in the international movement of finance. I very much welcome the Prime Minister’s Statement about transparency and making the exchange of information available to particular agencies, and I also welcome the clarifications that the noble Baroness the Leader of the House gave. Perhaps I may ask for a little clarification on the Prime Minister’s point about taking that further and putting the information in the public domain. Am I right in thinking that, as well as encouraging other countries to do that, there will be a particular focus on the UK overseas territories and Crown dependencies, bearing in mind our responsibilities towards them and with them?

[Baroness Stowell of Beeston]

My Lords, I can tell the right reverend Prelate that the register of beneficial ownership, which will be established in the United Kingdom, will, from June, be available publicly to anybody who wants to access it.

The overseas territories and Crown dependencies have committed to collate the relevant information on beneficial ownership so that our law enforcement agencies are able to access it. That is a step forward and a significant improvement on the current situation. They have not committed to preparing a public register but nor has any other country around the world, so I think we should acknowledge the positive steps that the Crown dependencies and overseas territories are taking. Clearly, we will continue to work with them so that they always look at taking further steps. We will make sure that they are in a strong position by adopting the standards that we would expect of any overseas territory, any Crown dependency or any place associated with the United Kingdom, so that they are chosen as places where those who are respected can invest in a respectful way and so that they, as nations, can prosper from those investments.

Ukraine (Shooting Down of MH17) and Gaza

Debate between Baroness Stowell of Beeston and Lord Bishop of Coventry

Monday 21st July 2014 Lords Chamber

[Baroness Stowell of Beeston]

As I said when I repeated the Statement made by the Prime Minister in another place, we have been absolutely clear in our remarks to Israel about the needs for its response to be proportionate and to minimise any civilian casualties. The most important thing that we are trying to encourage is an end to this bloodshed on all sides, and we continue to press for an urgent agreement to that end.

[The Lord Bishop of Coventry]

My Lords, perhaps I may return us to the tragic event of the downing of flight MH17 to join others in expressing deep and profound condolences to the families, friends and colleagues of those who died. In particular, I express the deep sympathies of those of us who spend quite a lot of our time caring for those who are bereaved and, in so doing, I pay tribute to the Protestant, Anglican, Old Catholic and Roman Catholic ministers who have been trying to care for the stricken families at Schiphol Airport. They have a very demanding task.

As we have heard, the bereaved are suffering from a deep and dreadful trauma. The deaths were sudden and led, of course, to shock on the part of those bereaved. They were inflicted by violence, leading to anger. They took place in foreign lands where, as we know, the bodies are out of reach—not only that but lying around in the heat, in body bags, in full view of the world’s media. Now, as the noble Baroness, Lady Royall, powerfully explained, they are being disregarded and disrespected. It is a psychological, pastoral and spiritual nightmare of unspeakable proportions. My question is simply: will the Government continue to use appropriate means to ensure that the bodies are treated with dignity in this period and, of course, returned with urgency?

[Baroness Stowell of Beeston]

Our first priority over the last few days has been applying pressure to Russia to use what influence it has to ensure that what occurs is exactly what the right reverend Prelate asked for. While this has not yet been confirmed, I hear that there are now reports that the refrigerated train has left Torez and is now en route to Kharkiv. That is exactly the kind of progress we need to see continue so that people are able to grieve, while knowing that their families and friends are being treated properly and being looked after by the people who they would want to be doing so.