Economic Crime (Transparency and Enforcement) Bill

Debate between Yvette Cooper and Angela Eagle

2nd reading
Monday 7th March 2022 Commons Chamber

[Yvette Cooper]

I agree with my hon. Friend that action should have been taken much earlier to address that, which should mean that there is an even greater imperative on us all now to ensure not only that this Bill passes, but that the subsequent economic crime Bill that we badly need is brought forward as swiftly as possible. That is one of the areas where the Opposition have submitted amendments.

[Dame Angela Eagle (Wallasey) (Lab)]

Is my right hon. Friend as surprised and worried as I am that the Office of Financial Sanctions Implementation, which is in the Treasury, has 37.8 full-time equivalent people working in it?

[Yvette Cooper]

My hon. Friend makes an important point. Unless we have the ability to use the powers we have and the powers we are discussing in this Bill, in practice nothing will happen. We know that there is considerably more investment in taking some of these measures in the United States, for example. There are also issues with enforcement resources for the National Crime Agency.

Section 1 of the European Union (Withdrawal) Act 2019

Debate between Yvette Cooper and Angela Eagle

Tuesday 9th April 2019 Commons Chamber

[Yvette Cooper]

I think that that advice was very important. The job of the civil service is to attempt to do everything it can and strain every sinew to deliver the will of the Government of the day. The fact that Sir Mark Sedwill has given such advice shows quite how seriously that is taken. It is particularly significant that Sir Mark is also the Government’s national security adviser and the former permanent secretary at the Home Office: he will be well aware of the security and policing issues that we face.

I welcome the fact that the Prime Minister has tabled this motion as a result of the Bill that we passed, which is now an Act. I think it shows that the Cabinet has taken that advice seriously, but also that Parliament as a whole has consistently opposed the damage and the chaos that no deal would cause. That is why we have reached this point, and it is why we should now support an extension. The purpose of the motion is to provide that parliamentary safeguard and a legal underpinning for the Prime Minister’s negotiations, so that she is not under pressure to slip backwards from the course she has decided upon.

We are here because the Prime Minister ran down the clock. She put forward a motion in December, although it was clear even then that her deal would be rejected, and then pulled the vote the first time. Instead of reaching out at that point, she simply ran down the clock, using the threat of an imminent deadline to try to force decisions. She has tried that process of brinkmanship in decision making repeatedly, but it simply has not worked. I just think that approach, like a continuing game of chicken, is a really bad way to make decisions. We have heard different concerns from different perspectives on the Prime Minister’s deal, but none of the assurances get any better simply because it is 10 minutes to midnight. Running down the clock was the wrong way to address those concerns. It would have been far better to have the kinds of debates and conversations that have now started in order to try to find a way forward. This is incredibly frustrating for people across the country, who are tearing their hair out about the way this has all happened. We should be honest about that. That is why we all have a responsibility to come together and try to find a way forward. The problem is that there are different views about different kinds of Brexit, and about different ways of reaching public consensus and consent. We have to be honest about those different views, tease them out and debate them, rather than thinking that the ticking clock will provide all the solutions.

[Ms Angela Eagle]

Was my right hon. Friend as surprised as I was to hear that the betrayal narrative is already up and running across the country, with claims about any kind of Brexit not being pure enough? We have today heard members of the Conservative party suggest that somehow the disaster of no deal is now the only desirable outcome.

[Yvette Cooper]

I think that there is a problem with the way in which everyone has been approaching the debate. Like my hon. Friend, I think that a no-deal Brexit would be deeply damaging to our constituents, but I also think that the continual attempts to suggest that there are betrayals and conspiracies make it harder for people to come together and reach a sensible and sustainable outcome.

One of the reasons we are in this situation is that there has been no attempt to build a consensus since the referendum. That is why I argued for a cross-party commission at the very beginning of this process, and for a process that would bring together leave and remain voters to try to work out the best way forward. Frankly, if we do not do that, nothing lasts. If everyone thinks only about winning in the short term and getting what they want straightaway, rather than about how we can build consensus for what is effectively a constitutional change, even if they win in the short term it will not last and whatever we get will end up unravelling.

Finance (No. 3) Bill

Debate between Yvette Cooper and Angela Eagle

3rd reading: House of Commons & Report stage: House of Commons
Tuesday 8th January 2019 Commons Chamber

[Yvette Cooper]

I am not drawing on macroeconomic predictions about the overall impact on the economy, although I note that there are predictions of a 9% reduction compared with the level at which we might otherwise be. I am actually focusing on the microeconomic impact on individual businesses across the country of simply seeing those costs go up. That is a real impact of the tariffs. It is not about confidence, levels of investment and so on; it is about the real impact of those costs on consumers, manufacturers, exporters and importers that is the real consequence of WTO tariffs.

[Ms Angela Eagle (Wallasey) (Lab)]

I am sure my right hon. Friend has noticed that the Office for Budget Responsibility said in its report on the recent Budget that there has been a loss of 1.5% of GDP since the referendum, and that the uncertainty was likely to make that worse, at least in the medium term. This Parliament has a duty to ensure that we mitigate that as much as possible, which is why I will be supporting her amendment.

[Yvette Cooper]

My hon. Friend is right that we have a responsibility not to make life harder for our manufacturers, which face huge pressure and huge international competition. We also have a responsibility not to make life harder for our consumers, who could see significant increases in prices. The British Food Importers & Distributors Association warns that WTO rules could mean that food prices go up by over 20%.