Oral Answers to Questions
Lloyd Hatton Excerpts(2 months, 1 week ago)
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Anneliese Dodds
The hon. Gentleman is right to raise the importance of funding for global health. Of course, this is not just important for those directly impacted; it is important for us here in our country, because we know that diseases do not respect borders. I set out a few moments ago the fact that the Prime Minister is committed to that Global Fund replenishment, and rightly so.
Lloyd Hatton (South Dorset) (Lab)
The Secretary of State for Foreign, Commonwealth and Development Affairs (Mr David Lammy)
The overseas territories, including the British Virgin Islands, work to uphold international standards on tax transparency and illicit finance and enforce UK sanctions. The overseas territories agreed to implement corporate registers that are accessible at least to those with legitimate interest by June 2025. We are aware of BVI’s public consultation on its register and are working with it to improve its proposal.
Lloyd Hatton
The BVI will soon close the consultation on its proposal to grant only limited access to a register of beneficial ownership. That proposal means that it will be virtually impossible for even a select few to trace those using the BVI as a place to secretly stash their cash, and this comes some five years after the first deadline to set up a register was missed. I know that the Secretary of State agrees that sunlight is the best disinfectant when it comes to combating illicit finance, so what steps is he taking to ensure that the BVI establishes a genuine and fully transparent register of beneficial ownership?
Mr Lammy
The BVI committed at the Joint Ministerial Council to improving access to its corporate register by June. I met BVI representatives just after that time at the end of last year, and my hon. Friend the Minister of State will meet the BVI again in the coming weeks. It is important that that public consultation on the proposed register will close this Friday, and we are working with the BVI to improve its proposal.
Oral Answers to Questions
Lloyd Hatton Excerpts(9 months ago)
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Lloyd Hatton (South Dorset) (Lab)
The Secretary of State for Foreign, Commonwealth and Development Affairs (Mr David Lammy)
The Government are reconnecting Britain with the world in European capitals, in NATO and at Blenheim, and I have been resetting relations with Europe and reinforcing support for Ukraine. I have also deepened partnerships with the global south to tackle the climate crisis and unlock economic growth, and I am taking a balanced approach on the middle east, calling for an immediate ceasefire, the release of all hostages and more aid into Gaza.
Lloyd Hatton
A builder living on Portland, a B&B owner in Weymouth and a shopkeeper on Swanage high street all pay their fair share of tax, yet some individuals take advantage of offshore tax havens such as the British Virgin Islands to avoid paying their fair share. My constituents play by the rules; we ought to know a bit more about those who choose not to. Can the Secretary of State set out what steps his Department is taking to throw open the books in British tax havens and implement public registers of beneficial ownership?
Mr Lammy
I raised this issue in opposition—I think it was the subject of the last speech I gave before the election—and it is an issue that I intend to take up with full vigour. We were concerned that parts of the last Government were turning a blind eye to these issues. I hope to come forward with further proposals in the coming weeks.