Oral Answers to Questions

Keir Starmer Excerpts

Wednesday 23rd February 2022 Commons Chamber

[The Prime Minister]

Yes, of course my hon. Friend is right. That is why we are making record investments in the NHS and in schools and roads—as we can, thanks to the strong growth in our economy. I will make sure that he gets a meeting with the relevant Minister to discuss his immediate local concerns.

[Keir Starmer (Holborn and St Pancras) (Lab)]

I join the Prime Minister in his comments in relation to Sir Richard Shepherd. We all want to deter aggression in Europe. We are not dealing with breakaway republics, and Putin is not a peacekeeper; a sovereign nation has been invaded. The Prime Minister promised that in the event of an invasion, he would unleash a full package of sanctions. If not now, then when?

[The Prime Minister]

As I said, the UK has been out in front in offering military support to Ukraine, and I am grateful for what the right hon. and learned Gentleman said yesterday about the need to make sure we keep ammunition in reserve for what could be a protracted struggle over this issue.

Let the House be in no doubt about the extent of the package set out yesterday and about what we are already doing, because I do not think people quite realise that the UK is out in front. We have sanctioned 275 individuals already, and yesterday we announced measures that place banks worth £37 billion under sanctions, in addition to more oligarchs. There is more to come. We will be stopping Russia raising sovereign debt, and we will be stopping Russian companies raising money or, as I said yesterday, even clearing in sterling and dollars on international markets.

That will hit Putin where it hurts, but it is vital that, after this first barrage, we work in lockstep with friends and allies around the world to squeeze him simultaneously in London, Paris and New York. Unity is absolutely vital.

[Keir Starmer]

I hear what the Prime Minister says about sequencing and further sanctions, but there has already been an invasion. There is clearly concern across the House that his strategy could—unintentionally, I accept—send the wrong message. If the Prime Minister were now to bring forward his full package of sanctions, including excluding Russia from financial mechanisms such as SWIFT and a ban on trading in Russian sovereign debt, he will have the full support of the House. Will he do so?

[The Prime Minister]

I am grateful for the general support that the Opposition have given not just to our economic sanctions but to the package of military support, which will intensify. We want to see de-escalation by Vladimir Putin. There is still hope that he will see sense, but we are ready to escalate our sanctions very rapidly, as I have set out.

Under the measures that this House has already approved, we can now target any Russian entity or individual. Not only can we already target the so-called breakaway republics in the oblasts of Donetsk and Luhansk but we can target members of the Duma who voted to recognise them. This is the most far-reaching legislation of its kind, and I am glad that it has the right hon. and learned Gentleman’s support.

[Keir Starmer]

It does have my support, and we will support it if it is used. We must also do more to defeat Putin’s campaign of lies and disinformation. Russia Today is his personal propaganda tool. I can see no reason why it should be allowed to continue broadcasting in this country, so will the Prime Minister now ask Ofcom to review its licence?

[The Prime Minister]

I believe my right hon. Friend the Secretary of State for Digital, Culture, Media and Sport has already asked Ofcom to review that matter, but we live in a democracy and a country that believes in free speech. I think it is important that we leave it to Ofcom to decide which media organisations to ban, rather than politicians—that is what Russia does.

[Keir Starmer]

The request was for a review, and I am glad to hear that the review is now happening. [Interruption.] I will not be deflected from the unity that this House needs at the moment.

At the weekend, the Prime Minister said that if Russia invades Ukraine, he will “open up the matryoshka dolls” of Russian-owned companies and Russian-owned entities to find the ultimate beneficiaries within. Well, Russia has invaded and it is time to act. If he brings forward the required legislation to do this, he will have Labour’s support. Will he commit to doing so in the coming days?

[The Prime Minister]

As I said, we are bringing forward in the next wave of sanctions measures that will stop all Russian banks, all oligarchs, all Russian individuals raising money on London markets. We are also accelerating the economic crime Bill, which will enable us in the UK to peel back the—[Interruption.] In the next Session. It will enable us to peel back the façade of beneficial ownership of property in the UK and of companies. It has gone on for far too long and this Government are going to tackle it. But on all these measures it is very important that the House remembers that they are more effective when all financial centres move forward together, and that is what the UK has been organising.

[Keir Starmer]

I think I heard the Prime Minister say that the economic crime Bill will be in the next Session, but I hope I misheard that. I can assure him that if he brings it forward in this Session, in the coming days, it will have our support. There is no reason to delay this.

Let me turn to the Elections Bill. As it stands, the Bill would allow unfettered donations from overseas to be made to UK political parties from shell companies and individuals with no connections to the UK. Labour has proposed amendments that would protect our democracy from the flood of foreign money drowning our politics. We can all now see how serious this is, so will the Prime Minister now change course and support these measures in the House of Lords?

[The Prime Minister]

We have very tough laws—tough rules—in this country to stop foreign donations. We do not accept foreign donations; people have to be on the UK electoral register in order to give to a UK political party. Before the right hon. and learned Gentleman starts chucking it around, I just remind him that the largest single corporate donation to the Labour party came from a member of the Chinese communist party. [Interruption.]

[Keir Starmer]

No, Mr Speaker, at this moment, as the House agreed yesterday, we have to stand united, and I am not going to be deflected from that. I note that the Prime Minister did not agree to change the Elections Bill. I think that is a mistake, and I ask him to take it away and look at those amendments in the Lords again. Putin has invaded a sovereign European nation. He has attacked because he fears openness and democracy, and because he knows that, given a choice, people will not choose to live under erratic, violent rule. He seeks division, so we must stay united. He hopes for inaction, so we must take a stand. He believes that we are too corrupted to do the right thing, so we must prove him wrong, and I believe we can. So will the Prime Minister work across the House to ensure that this is the end of the era of oligarch impunity by saying that this House and this country will no longer be homes for their loot?

[The Prime Minister]

I do not think any Government could conceivably be doing more to root out corrupt Russian money, and that is what we are going to do. We can be proud of what we have already done and the measures we have set out. I am genuinely grateful for the tone of the right hon. and learned Gentleman’s last question and for the support he has given. He is right to say that it is absolutely vital that we in the UK should stand united. People around the world can see that the UK was the first to call out what President Putin was doing in Ukraine. We have been instrumental in bringing the western world together in lockstep to deal with the problem—to bring together the economic package of sanctions that I have set out.

As I have said, there is still time for President Putin to de-escalate, but we must be in absolutely no doubt that what is at stake is not just the democracy of Ukraine, but the principle of democracy around the world. That is why the unity of this House is so important today. It is absolutely vital that the United Kingdom stands together against aggression in Ukraine, and I am grateful for the broad support that we have had today from the Leader of the Opposition.