G8 Meeting

Baroness Farrington of Ribbleton Excerpts

Tuesday 21st May 2013 Lords Chamber

[Baroness Warsi]

The recent tragic events earlier this year in Algeria and Mali showed that different nations have different expertise that they can bring to the table. It is obvious that wherever there are ungoverned spaces, that is where the threat of extremism starts to rise. We have seen that in Mali. The discussions at this G8 will be about how we can harness that expertise from different nations and bring it together to be able to come forward with solutions for these areas which are proving to be extremely challenging.

[Baroness Farrington of Ribbleton]

Would the Minister care to give an assurance about movement towards the principle of paying a living, fair and minimum wage in those countries which they intend to assist with inward development? Will she tell her colleagues that some of us despair about the way the Government are tackling the results of many major companies—this has been referred to today—which fail to pay a living wage to their employees and the governments cut the benefits? There are companies that do not pay their tax and the benefits of their employees are being cut by the government, but in fact the fault lies with the multinational companies.

[Baroness Warsi]

I repeat to the noble Baroness the point I made at the outset. If these companies are not paying tax off the back of their profits, it means that developed nations and developing nations cannot provide the public services and support that is needed. It will be a key part of what we are doing at the G8 to say to companies, “You have to be transparent about who owns you, about where you are owned and about the tax you are paying”, because it cannot be right. I do not know whether noble Lords saw the fantastic article in Prospect, but apparently Jersey is now the world’s largest exporter of bananas. We know that that is not true and we need to get behind that.