Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of (a) imposing fines on companies that do not register beneficial owners under the Economic Crime and Corporate Transparency Act 2023 and (b) hypothecating those revenues for local authorities.
Answered by Blair McDougall - Parliamentary Under Secretary of State (Department for Business and Trade)
The Economic Crime Acts 2022 and 2023 established and enhanced the Register of Overseas Entities. Financial penalties are used where entities fail to comply. Alongside restrictions on property transactions, this helps protect the integrity of the UK property market by enhancing transparency about who owns and controls overseas entities.
As with other fines, revenues are paid into the Consolidated Fund. Government does not generally support the hypothecation of fine revenue, as this can reduce flexibility in public finances and risk weakening the deterrent purpose of penalties. Core funding for local authorities is set through the Local Government Finance Settlement.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Economic Crime and Transparency Act 2023 on the number of properties owned by offshore companies.
Answered by Blair McDougall - Parliamentary Under Secretary of State (Department for Business and Trade)
The Department has not made a specific assessment of the impact of the Economic Crime and Corporate Transparency Act 2023 on the number of properties owned by offshore companies. The Register of Overseas Entities was established and further strengthened through the Economic Crime Acts 2022 and 2023. It was designed to tackle the misuse of overseas corporate structures to own UK property anonymously, rather than legitimate overseas investment. Companies House's strategic intelligence assessment indicates that the register has significantly reduced anonymity and increased transparency around higher risk ownership. The Government will keep the effectiveness of the regime under review.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Economic Crime and Transparency Act 2023 on the offshore ownership of property in the UK to conceal money laundering and other illegal activities.
Answered by Blair McDougall - Parliamentary Under Secretary of State (Department for Business and Trade)
The Economic Crime Acts 2022 and 2023 established and strengthened the UK’s Register of Overseas Entities, which requires overseas entities owning UK land to disclose their beneficial owners. Since launching in 2022, over 33,000 entities have registered. The Companies House Strategic Intelligence Assessment (2024) found it is almost certain that the register has reduced the ability to hide beneficial ownership of UK property and improve transparency for law enforcement. Non‑compliant entities are also prevented from selling, leasing or raising finance over UK land. The Government is currently reviewing the legislation’s impact and will publish findings once complete.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department has taken to extend sanctions to dual-use items to prevent their use in Russian attacks on Ukraine.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
The UK has introduced extensive trade sanctions to prevent Russia acquiring dual‑use items used in its military operations. Since March 2022, we have banned the export of all dual‑use goods and other high‑risk technologies, including products identified on the battlefield and items critical to Russia’s military‑industrial complex.
Our comprehensive export sanctions have led Russia to pursue convoluted and costly routes to circumvent our measures. Alongside extensive guidance and outreach to UK exporters, we plan to bring forward secondary legislation to introduce new sanctions end-use controls. These new powers will help to tackle circumvention of UK goods sanctions via third countries. We work closely with international partners to close those circumvention routes and further restrict Russia’s access to sensitive technologies.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if he will take legislative steps to provide for an excluded contract waiver for charitable memberships in proposed secondary legislation on subscription contracts under the Digital Markets, Competition and Consumers Act 2024 to protect not-for-profit organisations from (a) undue administrative costs and (b) potential loss of fundraising revenue.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
The government consulted on the implementation of the new subscriptions contract regime and are analysing the responses, including submissions from the charity and not-for profit sector. Officials have met with relevant representatives and individual organisations to hear their views and we continue to engage with the sector.
The government is committed to ensuring that charities can comply with consumer law and claim Gift Aid on eligible payments. HMRC are working through the technical details and will continue to engage with the sector.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to improve the processing of export licensing to Ukraine to aid the war effort.
Answered by Douglas Alexander - Secretary of State for Scotland
All export licence applications to Ukraine are treated with the highest priority by the Export Control Joint Unit (ECJU). As with all export licence applications, assessments are made on a case-by-case basis according to the Strategic Export Licensing Criteria. Assessments for Ukraine, given the situation within the country and the nature of the goods often being exported, mean these cases are some of the most complex for ECJU to process.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to tackle bogus self-employment in the digital economy.
Answered by Justin Madders
The Government is clear that bogus self-employment is unacceptable. Employers should never seek to deny people their employment rights and avoid their own legal obligations by claiming someone is self-employed when in reality they are not. We recognise the complexity of the UK's current employment status framework and are committed to consulting on a simpler framework.
Our priority is ensuring those workers who are most vulnerable know their rights and have the benefit of protection at work, including those working in the digital economy.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support the UK glass manufacturing sector.
Answered by Sarah Jones - Minister of State (Home Office)
The Government continues to support the glass sector, including with their energy costs.
We recently launched the consultation to increase the Network Charging Compensation component of the British Industry Supercharger from 60% to 90% from 2026, as trailed in the Industrial Strategy. This will save eligible glass manufacturers a further £7-10 per megawatt-hour on their electricity bills, bringing the total reduction to around £78 per megawatt-hour. We will also consult on eligibility for the separate British Industrial Competitiveness Scheme in due course.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps he is taking to help tackle exploitative employers that target immigrant workers.
Answered by Justin Madders
The Fair Work Agency will bring existing labour market enforcement functions together into one place, so employment rights for all workers are enforced more effectively and efficiently.
In addition, the White Paper ‘Restoring Control over the Immigration System’ set out measures for targeting exploitation of migrant workers including reforms to the sponsorship system, putting more responsibility and accountability on effective and responsible sponsors. This will include exploring making it easier for workers to move between licensed sponsors, reducing the risk of exploitation.
Asked by: Neil Coyle (Labour - Bermondsey and Old Southwark)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what plans he has to improve the operations of the Certification Officer.
Answered by Justin Madders
The Certification Officer (CO) is independent of Government and day-to-day operations are the remit of the Officer. The CO is required by statute to report their activities to the Department for Business and Trade, and ACAS, on an annual basis. This report is made available to Parliament and is deposited by the relevant minister in the House libraries.
The next report is due Summer 2025.