Oral Answers to Questions

Lord Pickles Excerpts

Wednesday 4th May 2016 Commons Chamber

[Mr Swayne]

We have advanced a huge amount by agreement and leadership, not by having recourse to compulsion. The overseas territories are now well in advance of many of our major trading partners. It is better to proceed by agreement. Much of the information will be available through the initiative for automatic exchange of beneficial ownership registers, to which 33 countries have now signed up.

[Sir Eric Pickles (Brentwood and Ongar) (Con)]

Does my right hon. Friend agree that we need to look very carefully at the purpose of this? Its purpose is not simply to deal with excessive avoidance and evasion schemes—they often mask deeply corrupt and criminal activities. What has been achieved is the ability for our law enforcement agencies to get in there and get that information, without tipping off the criminals we are seeking.

[Mr Swayne]

I pay tribute to the National Crime Agency, and the unit within it paid for by DFID, for tracing that international corruption. My right hon. Friend is right. Huge amounts of revenue are being denied to the poorest countries in the world, and we have to do something about that.

--- Later in debate ---

[The Prime Minister]

The hon. Gentleman is absolutely right about this. The positive news is that the deadline yesterday was met by a number of serious inquiries of interest into buying all of Tata, and that is good news. Obviously, we now need to work intensively with Tata and those buyers to get that list down to those who seriously intend to bid for the business. The hon. Gentleman is right that it is a very short timetable. He asks what we are doing, and what we are doing is talking intensively with Tata to ensure that it does everything it can to make sure that this is a serious sales process.

[Sir Eric Pickles (Brentwood and Ongar) (Con)]

The Prime Minister just made a very important announcement about refugee children, but obviously time is of the essence because of the peculiar vulnerability of children without the guidance and protection of their families. Will the Prime Minister indicate to the House how quickly he expects to have those arrangements in place?

[The Prime Minister]

I am grateful to my right hon. Friend, who has spoken powerfully and passionately about this issue. I do not see any reason why there needs to be a long delay. We need to carry out conversations with local councils, because many of them, particularly in the south of England, are already under pressure owing to the number of child refugees who have already come. We need to carry out those conversations, but hopefully we can then make progress during this year.