(9 years, 8 months ago)
Commons ChamberAs the hon. Lady will be aware, one of the key objectives of the G8 presidency, which we had last year, was about tax transparency. I am really proud that our Government have led the way in tackling issues such as base erosion and profit shifting. Rules that have been in place since the 1920s need to be updated for today’s modern corporate world. We are making big steps on that and big steps on transparency and beneficial ownership, and we will continue to play our role, leading the international effort to improve the rules so that we can get the tax due in the countries where the work has taken place.
May I press the Secretary of State on this? Does she not accept that the overseas territories and Crown dependencies must go beyond a promise to implement the G20 principles, and actually introduce public registers of beneficial ownership?
The hon. Gentleman is talking about G20 progress that was instigated by this Government when we held the G8 presidency. I am tempted to make the point that the Labour Government had 13 years in which to take steps in this direction, and entirely failed to do so. We took some important steps during our G8 presidency, and, as he will know, that involved the overseas territories. We are not saying that we have gone all the way down the path, but we are starting to move down it for the first time, and I think that the hon. Gentleman should welcome that. I assure him that we will continue to work to ensure that we bring the rest of the international community with us.
(10 years, 9 months ago)
Commons ChamberI express my deep condolences to the family and to all those people who have lost loved ones in the crisis. I would be happy to meet the Filipino community and I had the chance to meet some of them a couple of Fridays ago when we had a special mass at Westminster cathedral. I have been in close contact with the Philippine ambassador to London since the crisis hit and I saw him this weekend in the Philippines. I would be happy to meet my hon. Friend’s local community.
Others on both sides of the House have emphasised how the UK and the British people have shown great generosity to help out in the Philippines, but what discussions has she had with her international counterparts to ensure that all nations pull their weight and help out?
Those discussions are now well under way. I spoke yesterday with Baroness Valerie Amos, who leads the UN humanitarian effort. It is clear to me that although the UK can play and is playing a leading role in responding to the crisis, it is important that other countries continue to play their role. We have seen massive generosity from across the international community, but there will be a further UN flash appeal in December. I encourage the whole international community to respond to that flash appeal positively so that we can ensure that we keep the humanitarian effort going.
(11 years, 8 months ago)
Commons ChamberMy hon. Friend is absolutely right. As I said, our development relationship with India needs to match the India of today and the future rather than the India of yesterday, which means we can reprioritise our portfolio of development spend on countries where we believe we can still make a difference. Without that assistance from the UK, we would not be able to see change on the ground.
Can the Secretary of State reveal how much financial aid will be provided to India through the UK’s technical assistance?
We currently have an aid programme of around £270 million a year. After we complete our transition to technical assistance, we expect to spend approximately just under £30 million from 2015 onwards, to help the Indian Government to get the most out of the £50 billion a year they spend on things such as health and education.