Phil Brickell

I thank all Members who contributed to this well spirited, genuinely cross-party debate, including my colleagues on the all-party parliamentary group on anti-corruption and responsible tax: the right hon. Member for Sutton Coldfield (Sir Andrew Mitchell), my hon. Friends the Members for South Dorset (Lloyd Hatton), for Bournemouth East (Tom Hayes) and for St Helens South and Whiston (Ms Rimmer), and my predecessor as the chair of the APPG, my hon. Friend the Member for Kensington and Bayswater (Joe Powell). I also thank my hon. Friends the Members for Salford (Rebecca Long Bailey) and for Leigh and Atherton (Jo Platt), the hon. Members for North Norfolk (Steff Aquarone) and for Strangford (Jim Shannon), and, for their thoughtful and impactful cross-party contributions, the hon. Members for Witney (Charlie Maynard) and for Fylde (Mr Snowden). I especially thank the Minister for responding to the points that were raised. I know that he will continue to be a resolute champion for greater transparency in the overseas territories. I will do everything that I can to support him in that endeavour. I welcome his points that this issue is a personal priority for him; that the anti-corruption strategy on which he is working is genuinely cross-departmental with the Home Office and the Treasury; that elected leaders in the OTs will have heard and seen the cross-party strength of feeling here in Westminster today; that he has met Baroness Hodge on the subject of the British Virgin Islands—I will continue to support him in work in that jurisdiction—that the expectation around fully public registers of beneficial ownership has not changed; and that they have to function effectively. It is not just a case of having them in place; they must be properly implemented. I acknowledge that the Minister recognised the scale of secrecy, particularly in the BVI, and the impact that has here at home. That is an important issue. As I outlined, financial secrecy in the UK’s overseas territories has real consequences on the streets here in Britain. Ultimately, this debate has been about fairness: fairness for the honest taxpayer, fairness for law-abiding businesses and fairness for every community that wants a level playing field. I look forward to working with colleagues from across the House, with Ministers across Government and with the anti-corruption champion to ensure that we are able to deliver fairness for everyone. Question put and agreed to. Resolved, That this House has considered the impact of financial secrecy in the Overseas Territories on UK communities.