Economic Crime (Transparency and Enforcement) Bill

Debate between Sarah Olney and Layla Moran

Committee stage
Monday 7th March 2022 Commons Chamber

[Layla Moran]

I rise to speak to the amendments in my name: new clause 5 and, in particular, amendment 4, which is supported by the cross-party group that has been trying to get our ducks in a row. The Bill is welcome and timely. It is long overdue and we are all trying to pull in the same direction, but it is a bit of a Swiss cheese Bill. Much in the Bill is good, but there are a lot of loopholes, which we are seeking to close.

I will single out new clause 29 in the name of the right hon. Member for Haltemprice and Howden (Mr Davis) and the amendments relating to clause 31 that were tabled by the hon. Member for Rhondda (Chris Bryant). I heard what the Minister said about “Economic Crime Bill 2”. It sounds like the promise of the good sequel after the film—it is coming and it will be even bigger and better, with bigger stars than the first one—but we all know how sometimes part 2 can be a flop. I sincerely hope that part 2 will come sooner. I remember when the Minister was on his feet claiming that this Bill would wait until the next Session, and here we are debating it now. I welcome that. I wonder whether we might want to try to do that with part 2 and part 3 and get the sequels out as quickly as possible because each one will be pretty meaty and need time.

New clause 5 asks the Government to release the names of those who in the last year have been lobbying the Government against these measures. That is important because it helps on the SLAPPs amendments, which I wholly support. These people need to now be named and shamed. It is not enough to name the oligarchs; we need to name the PR companies and the lawyers—those who seek to water down or create loopholes in this legislation. I tabled a parliamentary question to the Foreign, Commonwealth and Development Office—it was passed to the Home Office—asking it to provide and publish the names of those who had been doing that. The answer was:

“The information requested could not be obtained without disproportionate cost.”

Forget about the cost—do the Government have the list? If they do, those people deserve to be named and shamed, like in the speech by the hon. Member for Isle of Wight (Bob Seely) the other day. I hope that “Economic Crime Bill 2” will have all the necessary powers to clamp down on that activity.

Amendment 4, like amendment 26, looks small. It is very small; it just deletes a line in clause 18. It relates to the bit of the Bill that talks about exemptions. There are three ways in which an individual can become exempt if the Secretary of State wants them to be. Two of them are reasonable. They are

“in the interests of national security”

and

“for the purposes of preventing or detecting serious crime.”

Absolutely fine. Some people think we should just get rid of them all, but I can live with those. However, the third, in clause 18(1)(b), says that the Government can exempt an individual if satisfied that it is necessary to do so

“in the interests of the economic wellbeing of the United Kingdom”.

These are high net worth individuals. Many of them own companies that potentially employ thousands of people in this country. I do not understand why the Government want to give themselves that headache. Why do they want these enabling lawyers to look at clause 18(1)(b) and say, “I’m going to lobby Government to exempt me under 18(1)(b)”?

It is not just a loophole. People keep talking about horses bolting after the gates have been closed. This is hitching a coach to the horse, putting the oligarchs in it with their lawyers and allowing them to drive their way through the Bill. It makes no sense at sall.

[Sarah Olney (Richmond Park) (LD)]

My hon. Friend is making an excellent speech. On the point about horses bolting, I want to mention my new clause 13 on freeports. That issue has come up a number of times in the past few weeks. We have been talking about the National Insurance Contributions Bill, which is the enabling Bill for freeports. It is really important that we include the list of companies that are in freeports; I made that point in the debate on that Bill last week. Currently, someone can hide the fact that they are using a freeport, and there is so much concern that this is an open invitation for money laundering in the UK. While we are still discussing this Bill, before it is passed and before this particular horse has bolted, will the Minister reconsider supporting the amendment that the Lib Dems tabled in the Lords to that particular piece of legislation—

Nazanin Zaghari-Ratcliffe

Debate between Sarah Olney and Layla Moran

Tuesday 16th November 2021 Westminster Hall

[Layla Moran (Oxford West and Abingdon) (LD)]

May I start by congratulating the hon. Member for Hampstead and Kilburn (Tulip Siddiq) on the way she has taken up this cause? I also pay tribute to Richard Ratcliffe and his whole family. The case has touched the hearts of the entire nation; 200 of my constituents have written in. I first heard of it when Richard’s aunt Rosemary and Colin came to see me in my advice surgery. As their MP at that moment, I said I would do everything I could to help. Now, as Liberal Democrat spokesperson, I intend to do the same.

It has been 2,000 days since the first detention. Since then, there have been eight urgent questions and 125 written questions from Members across the House. This is the third debate we have had on this, and yet Nazanin is still not home. To add another number, this is the fifth Foreign Secretary during that time, one of whom became Prime Minister. While he was Foreign Secretary he caused his own problems in this case. No offence to the Minister, but I find it regrettable that we have yet to see the current Foreign Secretary making statements to the House, because people watch what happens in Parliament. If they indicate that it is a priority, then I believe that that is what needs to happen.

[Sarah Olney (Richmond Park) (LD)]

I pay tribute to the hon. Member for Hampstead and Kilburn (Tulip Siddiq) for bringing the debate. Amid this talk of international diplomacy, sanctions and payments, when my constituents write to me about this case, they want to express their huge sympathy for Richard and particularly his daughter. Gabriella was just 22 months old when her mother was imprisoned. When I had the pleasure of speaking to Richard recently, he told me that now she is in the UK she is doing really well at her school, but my heart goes out to them. I want to express, on behalf of my constituents, how for them this is really about reuniting a mother with her daughter.