(2 years, 8 months ago)
Commons ChamberI do, and I completely understand what my hon. Friend is saying. The point I am trying to make is that we must not spend all our efforts on the individuals, although most of us would like to see those individuals punished in some way or form, and that the most important thing is to target the things that will have a real and major impact on Putin’s ability to finance his campaign in Ukraine. On the individuals, there is a distinction—as my hon. Friend has just said—between those individuals who we know through our intelligence to be directly involved in the Putin regime today and others who may have drifted away, and we should order in priority those individuals that we take action against.
My second point is that the regime we have in place for targeting individuals is clearly not fit for purpose. We were told that there was a hit list of oligarchs and that we would be taking action against them, yet days have passed and very few if any further individuals have been put on that list of sanctions. That leads me to believe that the legal bar that we have to reach before sanctioning those individuals is too high and that the group of officials doing that work is either insufficiently resourced or we do not have the right people. That is no disrespect to those officials, but we need to be able to sanction these individuals faster than we are doing today; otherwise, our rhetoric simply will not match up with reality. I am afraid that that is the situation today.
Anyone listening to the rhetoric would say that it is very strong, but the action is fairly weak. I would like to hear from the Minister what more we can do to help him and the Government to get those individuals sanctioned. As I say, it feels to me that that means more resources for the team providing the legal basis, and a lower legal test in order to sanction the individuals. If that requires changes to the legislation, let us bring them forward to the House, because there is clearly cross-party agreement on this.
My third point is that a large number of British businesses are going to be affected by the sanctions, the overwhelming majority of which are perfectly legitimate individuals and businesses in our own constituencies. I would like to see the Government bring forward some simple plain-English guidance for those businesses as quickly as possible. It is not available today. If we look online, we can see that there is not much guidance at all, and the guidance that is available is quite complex. If we are going to ask businesses, including small ones, to abide by these rules and regulations, the Government need urgently to bring forward some plain-English guidance for them.
Linked to that is the point I made during the urgent question earlier in the week, which was that in order to address a small number of seriously bad apples, we must not do anything that hurts legitimate small businesses and entrepreneurs in this country. The issue I am most concerned about there is the reforms to Companies House in the White Paper. It is a great thing in this country that for £12 someone can incorporate a company and get their certificate of incorporation within 24 hours. With that comes a serious concern about nefarious intent from those individuals who are not legitimate businesses, but before we legislate for that, I want proper reassurances from the Government that legitimate businesses will not be hurt. I do not want to live in a country where that £12 becomes £500 or where 24 hours becomes four weeks, because we all know other jurisdictions around the world, including in Europe—France is an example—where it is much more complicated and time-consuming to incorporate a business and operate it legitimately.
The right hon. Gentleman is right to make this point. Surely we have to get the balance right, though. I say as a former Chief Secretary to the Treasury that we have to guard against the Treasury insisting that Companies House is in some way cost neutral—that it covers its own costs. We want to have good “know your customer” checks in place, but we also want to avoid that cost being loaded on to sky-high fees. I am afraid that resolving that balance might well require the Treasury to think creatively.
As two former Treasury Ministers, we both know that situation. In these discussions, I strongly urge the Chancellor not to lose the UK’s obvious competitive advantage of being a jurisdiction in which it is easy to incorporate a company. I do not want small businesses to be badly affected by these measures. We all talk in this House of our desire to help small businesses or to cut red tape, but invariably we do the absolute opposite. Tackling corruption and money laundering must not come at the expense of legitimate businesses in our constituencies.
I will leave it there, but my central point to the Minister is that our strong words are not being matched by our actions. If there is anything we can do to legislate further, I urge him to do so. We would not want the UK to be a laggard in not sanctioning the banks and individuals that we all wish to sanction as soon as possible.
(4 years, 10 months ago)
Commons ChamberThank you, Madam Deputy Speaker.
As I said, the figures for the past year suggest we are seeing a reduction in street homelessness—a modest reduction, I admit, of 2%, but a reduction none the less. We will not find out the official figures for the most recent count taken in November until next month, but having been to a number of local authorities across the country in recent weeks and spoken to them it seems to me that we will see a further, more significant fall in rough sleeping when we receive those figures. I have not for one moment suggested that that is an end in itself. We need to go much further and much faster. In my remarks, I will set out exactly what this new Conservative Government intend to do.
I am glad the Secretary of State raised Housing First. I know he will join me in congratulating Councillor Yvonne Davies and Councillor Sharon Thompson, who had to take back control of delivering it to drive some of the reductions we have seen in the west midlands. The point really is this: for Housing First to work, we first need houses. The truth is that the number of social homes built in the west midlands has fallen by 17% in the past year and by 18% since 2010. Surely that must be turned around.
I am very happy to praise anybody who has been involved in Housing First. As I said, a few days before Christmas I visited a Housing First pilot in Walsall and was tremendously impressed by the work there. I met a lady who had been taken off the streets in Walsall. She had been sleeping rough in a park for a long time, but was spending her first Christmas for a number of years in a home of her own and would shortly be having her children over for Christmas lunch, which she had not managed to enjoy, I think, for over decade. It is a tribute to the housing associations that are willing to participate in Housing First. I want more housing associations to do so. We will clearly need to provide both the funding and the certainty of that funding, because it is a significant endeavour for a housing association. That housing association, for example, is not only giving property and a home to that lady, but promising to provide wrap-around care, an individual to visit or phone that person, every day for up to three years. That is an incredibly sophisticated and bespoke level of care, but one that is working extremely well.