Economic Crime (Transparency and Enforcement) Bill Debate
Full Debate: Read Full DebateDepartment: Home Office
Andy McDonald
Main Page: Andy McDonald (Labour - Middlesbrough and Thornaby East)Department Debates - View all Andy McDonald's debates with the Home Office
Economic Crime (Transparency and Enforcement) Bill
Andy McDonald ExcerptsMonday 7th March 2022
(2 years, 8 months ago)
Commons ChamberRead Full debate Economic Crime (Transparency and Enforcement) Act 2022 Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: Committee of the whole House Amendments as at 7 March 2022 - (7 Mar 2022)
Priti Patel
We will look at the issue, as we have said consistently. Part 1 of the Bill, which I will expand on shortly, is only one of the measures that we are taking, but we have to rule nothing out.
Andy McDonald (Middlesbrough) (Lab)
Across the House, we all want to see these bandits nailed. Is the Home Secretary content that the Bill will actually stop the disposal of properties? In my view, the register may not succeed in inhibiting that. We want to stop people getting away with it and disposing of assets. Will the Bill do that?
Priti Patel
The hon. Gentleman is absolutely right to raise that point and to highlight the legal basis on which we can confiscate assets, property and so on. Unexplained wealth orders are one of several tools we can use that are covered in the Bill.