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The Earl of Effingham (Con)

Speaking in the House of Lords on 13 May 2025

Debate

Uncollected Financial Penalties

Contribution

My Lords, there is £5 billion-worth of bitcoin cryptocurrency in government accounts seized from organised crime relating to Jian Wen. Please allow me to repeat that: £5 billion that is in the Government's bank account. I ask a similar question to the one that the noble Lord, Lord Lamont of Lerwick, posed to the Chancellor of the Exchequer four months ago: what are the Government’s plans for this windfall?

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