(2 years, 9 months ago)
Commons ChamberI completely agree about the need for effectiveness. A point has been made today about the slow pace of the designation of some individuals and entities. The Government have rightly talked about moving in lockstep with our allies, particularly in the EU, yet we still seem to be off pace in naming individuals—we seem to be moving more slowly. Some of the individuals that we have mentioned have already been sanctioned by the US and others for years or do not have significant assets in the UK. We need to ensure that our measures are meaningful, immediate, effective, deep and robust, and that individuals are not now sweeping their money and assets out of the UK.
What I found a bit disappointing about the Minister’s speech was its tone. We are all on the same side and trying to help, but there is still a question: why are we lagging behind? Is it that the legislation needs strengthening—I hope the Minister can see that across the House we are willing to work weekends to do that with the Government—or is it something else? He has not adequately explained why we still have not sanctioned individuals who are named by other jurisdictions.
The hon. Lady makes an important point. The Minister can be assured of our co-operation in getting these measures through quickly. He has already heard some suggestions for ways in which we might name individuals more quickly; I hope we will hear back from him about them.
We believe that we need to go further to widen financial and banking sectoral measures beyond Sberbank. My second question is about whether the Minister can explain why measures on corresponding banks have not been applied to all Russian financial institutions today, rather than just to Sberbank. Indeed, we understand that the measures have been expanded to include sovereign debt. The Opposition have called for that to apply to UK subsidiaries of entities as well. Will the Minister confirm the position?
(5 years, 10 months ago)
Commons ChamberI beg to move,
That this House has considered the UK’s progress toward net zero carbon emissions.
I am incredibly grateful to the Backbench Business Committee for allocating time for this debate, and I thank my co-sponsor, the hon. Member for Brighton, Pavilion (Caroline Lucas), as well as the hon. Member for Cardiff North (Anna McMorrin) and all those who contributed to our application for this debate. Those included MPs from every political party across the House, and I hope that will be the spirit in which we debate these issues today.
I mainly, however, want to thank young people, and particularly the 2,000 young people in Oxford who decided that this issue was so urgent that they would take time off school to protest in Bonn Square in the centre of Oxford, and try to force us into action. If it were not for that protest I would not have applied for this debate. This is an opportunity for their voices to be heard in this place, and about time too.
The hon. Lady is making an incredibly important point, and I completely support the actions of those young people. Many young people did the same across Wales, and it was disappointing to see the attitude of some Ministers who dismissed their actions—[Interruption.] I accept that that did not include the Minister for Energy and Clean Growth, but other Ministers dismissed the behaviour of those young people as being in some way irresponsible. No, it was responsible behaviour, because they care about our future.
I thank the hon. Gentleman for that point. As a former teacher, I am here because I want to prevent young people from having to do that again. We are coming up to exams, and it would be better if they stayed in school, but it is incumbent on us to ensure that action is taken.