Company Directors: Identification

Lord Brooke of Alverthorpe Excerpts

Wednesday 22nd May 2024 Lords Chamber

[Lord Johnson of Lainston (Con)]

I am grateful for that question. It is certainly work that we continue to do. I do not have that information to hand. The figure mentioned by the noble Lord seems like an incredibly high amount and a surprisingly large number. But the reality is that there is clearly economic crime in the system and we have done everything we can to remove that. I stress to the House the incredible cross-party consensus that we built around the Economic Crime and Corporate Transparency Bill to ensure exactly this. We have gone further than any Government for the past 120 years and I think we should get some credit for it.

[Lord Brooke of Alverthorpe (Lab)]

My Lords, there are thousands of people in this country now of whom there is no identification by the state. It applies not just in companies but in so many areas. If you know anything about the Chinese community, you will know that there are literally scores and scores of people there who do not exist as far as the UK is concerned. As we are seeking to work together, is it not time that we return to trying to produce a proper digital identity scheme for the whole of the country?

[Lord Johnson of Lainston (Con)]

I am delighted to say that the introduction of ID cards is not a component of this Question, as far as I am concerned. However, I should say that Companies House now will require electronic verification, so one will have to provide registered, nationally approved identity. One has to have one’s photograph taken. Importantly, to make life easier for businesses, we are going to have an effective digital system. So one has one login ID, however many directorships one has or companies one is involved in, whereby we can track people. For businesses and individuals, the system will be extremely simple.