Part of Economic Crime and Corporate Transparency Bill - Commons Amendments – in the House of Lords am 6:30 pm ar 25 Hydref 2023.
I thank both noble Lords for their very generous remarks and I speak as well on behalf of my noble friend Lord Johnson of Lainston, who asked me to make that clear.
We agree that the Bill leaves the House in a better state. The noble Lords, Lord Fox and Lord Coaker, are right that the Bill makes major changes, and we agree that the enforcement agencies have a major part to play. One of the aspects of the Bill that we can now start to get on with is making sure that Companies House is appropriately resourced, as obviously it will have a major part to play in any future delivery of the aspects of the Bill that we have been discussing for more than 400 days, I believe.
We should take this opportunity to thank the enforcement agencies for their past and future efforts. We know that this is a complex area, and without them we would all be in a much worse place. But, for now, this Bill leaves this House in a much better state. I thank, as I know my noble friend Lord Johnson would, both noble Lords on the Opposition Benches, and others from all Benches, for their engagement. Throughout the passage of the Bill the Government have worked hard to ensure the right balance between tackling economic crime and ensuring that the UK remains a place where law-abiding businesses can flourish without unnecessary burdens. Having said that, I am quite sure we will return to some of these issues, as predicted—but, for now, I urge noble Lords to support the Government in their position.
Motion A agreed.