Economic Crime and Corporate Transparency Bill

Debate between Baroness Hodge of Barking and Baroness Laing of Elderslie

Consideration of Lords message
Wednesday 25th October 2023 Commons Chamber

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. Before I call the next speaker, let me point out—it may not be obvious—that we only have until 1.51 pm to complete this business. I therefore appeal for brevity. I am not going to impose a time limit, because given that everyone present is a distinguished and experienced Member, we should not need one.

[Dame Margaret Hodge (Barking) (Lab)]

On a point of order, Madam Deputy Speaker. I just want to be clear about this. I assume that we can speak until 1.51 pm, and vote after that. Is that correct?

[Madam Deputy Speaker]

It is. Let me say for the purpose of clarity that the right hon. Lady is absolutely correct.

Economic Crime (Transparency and Enforcement) Bill

Debate between Baroness Hodge of Barking and Baroness Laing of Elderslie

Committee stage
Monday 7th March 2022 Commons Chamber

[Dame Margaret Hodge]

Cryptocurrency has become the new way in which money is laundered. Corrupt and stolen money ends up in the pockets of one individual, and then gets back into the system for them to spend it elsewhere. I completely agree with the hon. Gentleman: it is important that we get our heads around cryptocurrency and that we legislate appropriately to tackle it.

The other way of looking at this issue, and the reason why we have tabled the new clause, is that our law enforcement bodies, while they are not as good as the Americans’, bring resources back to the UK through fines. Between 2016 and 2021, the law enforcement bodies brought £3.9 billion back into the UK coffers. If that money had been reinvested, which is one of the ideas for funding the enforcement agencies, it could have brought an extra three quarters of a billion pounds to be spent on enforcement by all those agencies. That is a lot of money, and it would have been effective; it would have had a snowball effect of increasing our budget.

New clause 2 is there to ensure that we get the enforcement right—that we have not only the powers but the resources we need to make sense of and put into effect the important legislation we are passing today. I hope it will have support right across the Committee; it certainly has support among Back Benchers, and I would love it if the Government accepted it and it became part of the Bill.

[The Chairman of Ways and Means (Dame Eleanor Laing)]

We have a great many amendments to consider this evening, and it would not be right if the people who tabled those amendments did not have the chance to speak to them so that the Committee can be helped to make its decisions on them, so I must appeal for shorter speeches now. I am not complaining, because so far we have had substantial speeches about substantial amendments, but will Members who are supporting amendments rather than speaking to their own amendments please consider making shorter speeches?

Covid-19: Cultural and Entertainment Sectors

Debate between Baroness Hodge of Barking and Baroness Laing of Elderslie

Tuesday 2nd March 2021 Commons Chamber

[Dame Margaret Hodge (Barking) (Lab) [V]]

I am proud to declare an interest—not a financial one, but a passionate one. I chair Theatre Royal Stratford East, the erstwhile home of Joan Littlewood renowned for “Oh, What a Lovely War!”, “Things Ain’t What They Used To Be” and “A Taste of Honey”. I am immensely proud of our success in regaining our historic reputation for excellence and radicalism under the leadership of Nadia Fall, a hugely talented artistic director of Asian heritage, and her team of mainly women theatre makers.

We were on a roll, culminating in receiving an Olivier award for staging Britain’s “Noye’s Fludde”, which involved east end children performing alongside ENO singers. Our mission to create excellent shows and reflect the diversity of our community in everything that we do makes our contribution unique. Then covid erupted and the curtain fell.

Theatres have proved resilient and innovative. We produced an outdoor show called “846”, our response to George Floyd’s death. National Theatre Live has been enjoyed by vast audiences at home. The Kiln’s food programme provides fresh hot meals for hundreds. Battersea Arts Centre delivered digital activity and encouraged young people to keep writing.

Government support has focused too much on buildings, not on people. Life for freelancers, the lifeblood of our theatre, has been grim. We used to employ nearly 200 freelancers annually. This year, it is 75, and mostly on very small projects. With no Government support, freelance actors, directors and designers are walking away, retraining to ensure a secure living. We are haemorrhaging creative talent, most of whom started in the subsidised theatre. Public investment in people led to creative wealth for the nation. Think of Sunday’s Golden Globe Awards: Daniel Kaluuya, who first performed at the Royal Court; John Boyega, who began at Theatre Peckham. Think of Phoebe Waller-Bridge who started at the Soho; James Graham, playwright at Finborough Theatre; Michaela Coel who went from The Yard to critical acclaim on Channel Four. All are big commercial successes today. All are contributing to our vital creative economy, the vibrancy of our city centres and lifting our spirits. They are part of a massively successful ecosystem. Public investment in them drives both commercial success and the quest for diversity and equality. Yet young black and Asian creatives, women and those with disabilities are leaving theatre in droves. Nobody wants theatre to return to being a club for the elite and the well-connected. Investment in people, in the talent of tomorrow, must be our key ask today and only then will the arts bounce back strongly.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I well remember the right hon. Lady’s theatre and its excellent director who happened to be my namesake.