VoteClimate: Economic Crime and Corporate Transparency Bill - 24th January 2023

Economic Crime and Corporate Transparency Bill - 24th January 2023

Here are the climate-related sections of speeches by MPs during the Commons debate Economic Crime and Corporate Transparency Bill.

Full text: https://hansard.parliament.uk/Commons/2023-01-24/debates/A529A8E3-2DA8-47C6-8213-9BB5092B8E26/EconomicCrimeAndCorporateTransparencyBill

17:45 Gavin Newlands (Paisley and Renfrewshire North) (SNP)

That type of individual is currently beyond the reach of the law, so hopefully provisions such as the new clause would assist with that. Mr Skillen was fined £200,000 by the Information Commissioner’s Office and £10,500 by the then Department of Energy and Climate Change, but the fact is that he only paid £10,000 of that £200,000 before winding the company up. That led the ICO to lobby the Government to enable it to fine individuals such as Mr Skillen up to half a million pounds. In respect of cases such as Mr Skillen and many others who make sharp practice look easy and do so without any care or remorse, the new clause would act as a deterrent to the manipulation of company registration for personal gain and prevent those who have used multiple company identities for malfeasance or sinister purposes from continuing that pattern of behaviour ad nauseam.

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