Panama Papers

Debate between Baroness Stowell of Beeston and Lord Harris of Haringey
Monday 11th April 2016

(8 years, 7 months ago)

Lords Chamber
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Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston
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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.

Lord Harris of Haringey Portrait Lord Harris of Haringey (Lab)
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My Lords, the Prime Minister has set a precedent by publishing his tax arrangements. I gather that others have followed suit, including the Chancellor of the Exchequer and my right honourable friend the leader of the Opposition. Does the noble Baroness the Leader of this House think that this is a precedent that should extend to Members of your Lordships’ House, as it is clearly going to be an inexorable precedent in the other place?

Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston
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My Lords, the Prime Minister made clear in his Statement why he thinks it is appropriate for him and the Chancellor, as those responsible for the nation’s finances, to publish their tax returns. He also explained why he does not believe that that should be extended to other public figures. Your Lordships’ House has very clear rules about us all being UK residents and UK domiciled for tax purposes, and those were brought in just before the 2010 election. There is a very clear and robust requirement in terms of the register of interests. I remind noble Lords that a failure to make a declaration or entry in the register is a very serious matter, and any claims of any of us not doing so properly are pursued rigorously. I would always urge anybody who has any information on any of us that they want to see pursued to submit their complaint to the commissioner. We have that strong regime in place but clearly we must always keep under review how our code of conduct works, how we apply it and how it is administered, and that is a matter of course and of routine. However, the Prime Minister has made clear his views on extending the declaration that he has made today and the publication of income tax returns, and at the moment I do not see us going beyond that.

European Council

Debate between Baroness Stowell of Beeston and Lord Harris of Haringey
Monday 22nd February 2016

(8 years, 9 months ago)

Lords Chamber
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Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston
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As my noble friend predicted, I do not agree with him. One area that I would point to in order to illustrate my disagreement is what the Prime Minister secured around economic governance. Again, I do not think that it has been properly understood yet how significant the protections that he has secured are—not just for our currency, but for the City of London and our financial services. I assure my noble friend that the other member states, and particularly the French President, were in no way shy about fighting hard to prevent us getting what we wanted, but we secured a good deal for Britain in the end.

Lord Harris of Haringey Portrait Lord Harris of Haringey (Lab)
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Will the Minister convey to the Prime Minister the relief that we on this side of the House feel—indeed, our sincere congratulations—that he is beginning to put such an unequivocal and clear case for our membership of the European Union? Will she urge him, in the months that lie ahead, to put that case to the whole country, including Labour supporters and people of no party affiliation, and not just to conduct a desperate internal debate inside the Conservative Party?

Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston
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I can certainly reassure the noble Lord that the Prime Minister will do exactly what he has just outlined. This is not about the Conservative Party; it is about the future of the United Kingdom. What we are doing here is what we believe is in the best interests of the people of this country.

Devolution: England

Debate between Baroness Stowell of Beeston and Lord Harris of Haringey
Wednesday 2nd December 2015

(8 years, 11 months ago)

Lords Chamber
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Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston
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My Lords, it is the turn of the Labour Benches, but I urge the noble Lords to decide between themselves whom they would like to give way.

Intelligence and Security Committee of Parliament

Debate between Baroness Stowell of Beeston and Lord Harris of Haringey
Monday 14th September 2015

(9 years, 2 months ago)

Lords Chamber
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Lord Harris of Haringey Portrait Lord Harris of Haringey
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My Lords, it is because we on these Benches take the security of the nation so seriously that these points have been raised by Labour Members today.

Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston
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My Lords, the noble Lord, Lord Foulkes, is right to say that until the beginning of the previous Parliament in 2010 there was only one Member of your Lordships’ House on the Intelligence and Security Committee. It was David Cameron, as Prime Minister, who thought at the start of the previous Parliament that it was right to extend that to two Members of your Lordships’ House.

When it comes to the breakdown of the ISC’s membership, it is worth me making two points to noble Lords. The first is that the ISC is not a Joint Committee of both Houses in the conventional sense; it is established by statute. It has nine places on it. As is customary, the Prime Minister consulted the Leader of the Opposition in the summer and—again, as is customary—it was the Leader of Her Majesty’s Opposition who decided how she, as acting leader, wished to allocate the three places that had been provided for the main opposition party.