The Growth Plan

Debate between Kwasi Kwarteng and Andrew Mitchell

Friday 23rd September 2022 Commons Chamber

[Kwasi Kwarteng]

What will end in tears are high taxes, high spend and very low growth, and that is exactly the iron circle that we are trying to break.

[Mr Andrew Mitchell (Sutton Coldfield) (Con)]

I welcome what my right hon. Friend has said, in respect of growth, about investment zones. He said that they would come to the west midlands, which I think will be very helpful in levelling up in the Birmingham area and the west midlands in general. May I remind him, however, of the importance of UK investment in tackling international problems, whether they involve pandemics, illegal migration or climate change? This is about British expertise, but it is also about British money. Can my right hon. Friend confirm that we are on track to restore what was a manifesto promise to bring back the 0.7% aid commitment in 2024?

[Kwasi Kwarteng]

We are always looking at our manifesto commitments, and given our leadership in this regard, I hope that we can come to the 0.7% as soon as is practicable and as soon as the public finances allow it.

Corporate Transparency and Economic Crime

Debate between Kwasi Kwarteng and Andrew Mitchell

Monday 28th February 2022 Commons Chamber

[Kwasi Kwarteng]

I am grateful for the hon. Lady’s remarks. As far as the enablers are concerned, we have legislation already on the statute book. As my right hon. Friend the Foreign Secretary said in her statement, we are looking at other measures to tighten the regime.

We work with DA Ministers constantly. The Under-Secretary of State, my hon. Friend the Member for Sutton and Cheam (Paul Scully), has engaged ably and directly with DA Ministers, and we look forward to doing so.

This set of measures is only the beginning of the much tighter regime that we want to bring in. [Interruption.] People are chuntering from a sedentary position, but I would like to point out that these matters, particularly those regarding cryptocurrencies and cyber-crime, are complicated. We are trying to expedite legislation on those fronts as quickly as possible.

[Mr Andrew Mitchell (Sutton Coldfield) (Con)]

My right hon. Friend has brought excellent news to the House this afternoon, but will he at least acknowledge that the right hon. Member for Barking (Dame Margaret Hodge), my hon. Friend the Member for Amber Valley (Nigel Mills), my hon. Friend the Member for Thirsk and Malton (Kevin Hollinrake) and I have been asking the Government to do these things for the last four years and more? Will he now look at the other measures that we have advocated to clamp down on dirty money and money laundering? He is absolutely right about Companies House, but will he now ensure that it has real monkey glands for investigating, and is not just a library? That will require money and officials with great expertise, but sunlight, as ever, is the best disinfectant.

[Kwasi Kwarteng]

I welcome my right hon. Friend’s remarks. I pay tribute to him, and to Members on both sides of the House, for the excellent work that they have done in ensuring that the measures have been introduced in a timely way. I look forward to working with him to ensure that we have a good regime. Let me also point out that we have £63 million in the spending review to deal precisely with the funding of Companies House.