(4 years, 10 months ago)
Commons ChamberI have a great deal of respect for the right hon. Lady, and I would have hoped that she would do better than that. It was not enough money. That is why we did not vote for that measure, and we have said that over and over again. I must say that I am a little surprised to hear Government Members talk about a new broom at the Home Office, someone who is going to really stand up for the police; I think that in a way that dismisses the right hon. Lady’s record.
The Prime Minister told this House on Monday, channelling a former Prime Minister whom I knew, that he was going to be tough on crime and tough on the causes of crime. I have to ask how, coming from him, that can be taken seriously. The Prime Minister has no intention of making good all the public services that Tory or Tory-led Governments have slashed—and of course we have not forgotten the role of the DUP and the Lib Dems, who facilitated Tory austerity, but the organisers of this entire failed project were the Tories.
The Government talk tough on crime, but that is all talk. They made all the causes of crime worse and cut all the public services trying to tackle it. Let us take the Domestic Abuse Bill. There are good things in the Bill, and Members on both sides of the House worked hard on it. But where is the money? Where is the funding for the police, NHS workers and social workers, and the funding to improve their training? Where is the funding for women’s support groups, information campaigns and women’s refuges? The Government have cut all of them. The money simply is not there. Without the funding, however good the text or the wording of the Bill are, they are just another wish list.
I need to make progress, because I must leave time for those on the Treasury Bench.
The Government need to understand just how disappointed and frightened the Windrush victims are. It is almost as if, because they are an elderly cohort, the Government feel that if they string this out—[Interruption.] That is what they feel; go and meet some of them—[Interruption.] The Home Secretary is not dealing with it quickly enough, and I think that only a Labour Government will give justice to the Windrush generation.
I was interested to hear the Home Secretary talk about protecting our borders, because if we leave the EU we will lose the European arrest warrant and access to some very important databases of criminals and missing persons, as well as the level of co-operation we get as members of the EU. I would not talk so much about protecting our borders when we are losing some of the elements and instruments that would help the Government keep the people safe.
Before I conclude my remarks, I want to say a word about the Women Against State Pension Inequality Campaign, because I am a WASPI woman—I was born in the 1950s, and I was very disappointed that there was nothing about the WASPI women in the Queen’s Speech. We spent most of our adult lives assuming that we got a pension at the age of 60, and when these women understood that they would not, for most of them it was too late to change their working arrangements and arrange their pensions and their insurance. You have left a cohort of women who helped to build this country helpless and frightened, and I think that is a shame.
In conclusion, it is not enough to make wish lists of what you want to do with the public sector, because the public will find you out. The public know how long it takes to get a hospital appointment. The public know how long it takes to get a policeman to come to the site of a crime. The public know about the public sector and what the result of the statements from the Government are, because it is part of their lived experience. You will be found out. You will be—
(7 years, 10 months ago)
Commons ChamberI am grateful to my right hon. Friend for that important intervention. If the Minister does not give a clear reply to that question on the Floor of the House, I can assure him that we will pursue the issue in Committee.
The Minister said that money is not the main obstacle to pursuing money launderers and criminal actors, but it does not help when agencies such as the NCA experience cuts. The Home Affairs Committee produced an important report in June on the proceeds of crime, and I am indebted to the then Chair and the Committee as a whole for their investigatory work. The Committee pointed out that money laundering takes many complicated forms, ranging from complex financial vehicles and activity in tax havens around the world to property investments in London and high-value jewellery. I share the Select Committee’s astonishment that of over 1 million property transactions last year only 335 were deemed suspicious. I agree with the Select Committee’s conclusion that supervision of the property market has been “totally inadequate” and has
“laid out a welcome mat for launderers”.
The Select Committee report also made the important point that it is all too easy for people who want to launder money to buy property in London, let it out in the capital’s high-value lettings market, then take in clean money in perpetuity.
Overall, the NCA believes that up to £100 billion of criminal funds could be passing through the UK each year in the form of property, luxury cars, art and jewellery. Transparency International estimates that there are hundreds of properties in the UK that are strongly suspected to have been acquired with the proceeds of corruption. Land Registry figures show that UK real estate worth more than £170 billion is held by more than 30,000 tax haven companies. I do not argue that there can never be a legitimate reason for holding UK real estate in a tax haven company, but I believe that, all too often, what we see could well be illicit activity.
As a former tax lawyer, may I point out to the hon. Lady that companies in tax havens own UK property because it was possible to do a stamp duty avoidance scheme called “enveloping” during most of the period in which the Labour Government were in office? Action taken by this Government has put a stop to a lot of that abuse.
I made a point of saying that there can be legitimates reasons for holding UK property in tax haven companies. I remind the hon. Gentleman that it was not every single detail of the activity of the last Labour Government that I supported.
Most owners of those companies hide behind anonymous trusts or nominee directors and shareholders. For instance, in a single 50-storey apartment complex in London, The Tower at St George Wharf in Vauxhall, a stone’s-throw from the House, a quarter of the flats are held through offshore companies. This Bill aims to close a loophole which means that authorities cannot seize property from overseas criminals unless the individuals are first convicted in their country of origin. The orders will apply to property and other assets worth more than £100,000. If the owner fails to demonstrate that a home or piece of jewellery was acquired using legal sources of income, agencies will be able to seize it.
The Opposition support the new law in principle, but stress that for it to be effective agencies must be given the financial and political support to take powerful and wealthy individuals to court. Furthermore, there is some concern, which we will explore in Committee, that the measures may be too widely drawn. Throughout, the sole safeguard for seizure orders is the reasonable suspicion of a police officer on their own authority. This may be too low a bar as a safeguard against the incompetent use or abuse of state powers.