G7

Lord Hylton Excerpts

Wednesday 10th June 2015 Lords Chamber

[Baroness Stowell of Beeston]

I have nothing to add to what I have just said except to say two things to the noble Lord. The first is that we have the biggest defence budget in the EU and the second largest in NATO, and we are the US’s largest partner in terms of coalition air strikes against ISIL. I would also make the point that we are very much in play in ensuring that the defence of this country is secured, and we are playing our part in security and defence issues around the world.

[Lord Hylton (CB)]

My Lords, the Statement says that there is a central register here of beneficial owners and companies. Will the Government do the same for valuable properties, and would that not be a very good way of reducing money laundering? Secondly, if it is right to fight ISIS in Iraq, surely the same must be true for Syria. Is there not something that needs reconsidering on that point?

[Baroness Stowell of Beeston]

On the noble Lord’s first point, I am not in a position to extend what we have already done in this area, but we are very much at the forefront of this agenda, which the Prime Minister started back in Lough Erne. However, I note the noble Lord’s proposal.

The situation in Syria is very concerning and continues to worsen. We are doing a great deal in terms of supporting the action by ensuring that we are providing reconnoitre-type services and supporting the humanitarian situation on the ground. However, we are not involved in military action.