Asked by: Antony Higginbotham (Conservative - Burnley)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, when he expects his Department to (a) conclude considerations and (b) establish a beneficial ownership register of overseas individuals and entities which own UK property.
Answered by Paul Scully
As set out in my Written Ministerial Statement made on 2nd November 2021, the Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property. This register will help combat money laundering and achieve greater transparency in the UK property market. We are continuing to finalise the draft legislation, to align with the broader reform of Companies House. We will legislate when parliamentary time allows.
Asked by: Antony Higginbotham (Conservative - Burnley)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, when his Department plans to introduce reforms to Companies House.
Answered by Paul Scully
The Department’s plans for Register Reform and improvements to the powers of Companies House will deliver significant improvements to the integrity of the UK’s register of companies and assist greatly in the fight against economic crime.
We will legislate when Parliamentary time allows.
Asked by: Antony Higginbotham (Conservative - Burnley)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Queen's Speech 2019, what progress has been made on introducing the Thomas Cook Compensation Bill.
Answered by Paul Scully
We are working to ensure that Parliamentary business can continue as far as possible during this period.