Corporate Transparency and Economic Crime Debate
Full Debate: Read Full DebateJonathan Djanogly
Main Page: Jonathan Djanogly (Conservative - Huntingdon)Department Debates - View all Jonathan Djanogly's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 5 months ago)
Commons ChamberOrder. I was very generous with Dame Margaret Hodge, for obvious reasons, but I shall be less generous now in respect of the length of questions. You are all warned.
I welcome the statement. While I fully support efforts to have the means to investigate criminality and sanctions-busting schemes at Companies House—and I hope that that will be properly funded, because it will be expensive to carry out—I also hope that the process of registration will not be burdened to the extent that we lose competitive advantage and throw the baby out with the bathwater.
I think my hon. Friend is right. There is always a balance to be struck in legislation of this sort, but I think that, as he takes the temperature of the House, there is a real feeling that we need to expedite it. I feel confident that it strikes the right balance between fairness and transparency, and will not be overburdening people with bureaucracy.