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 ensure greater oversight of UK-based multinational corporations.

As set out in the King’s Speech, the Government will publish a draft Audit Reform and Corporate Governance Bill to strengthen audit and corporate governance oversight of corporations including UK-based multinationals. The draft Bill will uphold standards and independent scrutiny of companies’ reporting and governance, supporting investment and economic security.