G8

Conor Burns Excerpts

Wednesday 19th June 2013 Commons Chamber

[The Prime Minister]

I completely understand people’s cynicism about these great international gatherings because they produce long communiqués, lots of talking, and one has to ask afterwards, “Well, what did you actually agree?” On this occasion, we can point to one or two really concrete things—an agreement not to pay ransom for kidnap by terrorists, which is good, and all the agreements in the run-up to the G8 conference which have delivered an extra £1 billion of revenue, just from Crown dependencies and overseas territories, that can help to keep tax rates down. I think the Lough Erne declaration is the clearest statement yet to come out of an international body about what needs to be done on tax, transparency and extractive industries, and frankly it is now a guide for NGOs to hold Governments to account and make progress on that vital agenda.

[Conor Burns (Bournemouth West) (Con)]

May I echo the strong words of the Leader of the Opposition, and thank my right hon. Friend for bringing the G8 to Northern Ireland, and through that, showing the world how far it has come from the dark and dangerous place I remember from my childhood? Before the conference, the Prime Minister alluded in a newspaper interview to his frustration with the diplomatic vagueness of communiqués. This one was a big step forward, and he has a list of real and tangible declarations on tax and transparency. What more will we do to get that excellent list—reproduced in full in today’s Belfast Telegraph—to the British people?

[The Prime Minister]

I commend the Belfast Telegraph on the fact that it has not joined the mass of the cynical and hard-bitten, and has actually said, “Hold on, this is an important breakthrough on the issues that people really care about.” We must now hold all those countries to their commitment and ensure that everybody delivers on the action plans for beneficial ownership, so that we can see who owns what company. We must ensure that the international exchange of tax information can involve every country in the world. In that way we can get fairer taxes and help the developing world at the same time. We need follow-up on all these issues.