Tag Archives: corruption

Conference Countdown 2016: Tackling global corruption should be a core Liberal campaign

On April 3 2016, just under 12 million documents were leaked from the Panamanian law firm Mossack Fonseca containing financial details on over 200,000 offshore companies. While the bulk of our nation’s media coverage was of David Cameron’s family investment fund – Blairmore Holdings – and the former Prime Minister of Iceland’s resignation, most news outlets underplayed the real significance of the investigation: the details of shell companies used to profit from criminal activity and how the lack of transparency in opaque jurisdictions such as the British Virgin Islands, Seychelles or Bahamas provides cover for organisations involved in people trafficking, narcotics, selling arms to despotic regimes and terrorism.

On Saturday, Tower Hamlets Liberal Democrats are moving a motion demanding that the UK calls time on the lack of progress in our overseas territories and sets a deadline for the implementation of centralised registers which make the beneficial ownership of companies available both to relevant authorities and to the public.

The UK has a strong record in this area: Vince Cable drove forward the development of legislation for Companies House to implement a register of Persons of Significant Control during the coalition and the register is now starting to be filled with statements of beneficial ownership. It is due for completion in June 2017.

Posted in Conference and Op-eds | Also tagged , , and | 8 Comments

Kramer: Cameron and Osborne must stand up to despots and oligarchs

Lib Dem Economics Spokesperson Susan Kramer was not entirely impressed with David Cameron’s pronouncements on corruption. It’s fair to say she won’t be holding her breath. She said:

We welcome the Prime Minister’s announcement that those buying property in the UK or bidding for government contracts will be required to register, but quick action is vital for him to show sincerity, and any such register should be publicly available.

Don’t forget, we have heard similar platitudes before that have amounted to nothing. Back at the G8 conference in 2013 a new drive against tax havens was heralded, and the Panama Papers have exposed just how pathetic that action turned out to be.

When push comes to shove, Cameron and Osborne have shown they will always cater to the whims of corrupt billionaires from across the globe rather than pushing through real change. Unless they are willing to stand up to despots and oligarchs from places like China, Russia and Nigeria, any commitment will prove to be utterly shallow.

Posted in News | Also tagged , and | 1 Comment

Opinion: Corruption – We can do better than this

The UK is more corrupt than Qatar. That’s not my judgement, but that of the World Bank and their Control of Corruption Index. This places the UK 18th in the world, behind not only Qatar but Iceland, Chile and Liechtenstein.
 
It’s easy to sound jingoistic with this sort of comparison, and I really don’t mean to. So here’s an even more worrying comparison. In 2010, the latest year the World Bank has collated its figures for, the UK received a control of corruption score of +1.48 (on a …

Posted in Op-eds | 11 Comments

Opinion: Let’s talk about Corruption

The latest cash for access scandal may well have highlighted yet again the murky world of party financing and lobbying but overall the UK can pride itself on not being corrupt; Transparency International places it in the least 20 corrupt nations in the World.  How does this tally with opinion polls showing that almost three quarters of the British public think corruption is a serious problem in the UK that many consider has got worse in recent years?

Whether the public perception is wrong, there is a profound gap between public and expert definitions of corruption or if there really …

Posted in Op-eds | 3 Comments

A postcard from… Chennai

Here in the LDV office, we’ve received another postcard from Baroness Ros Scott. Typically, she’s arrived long before the postcard did…

The failure of the Lokpal Bill in Parliament is a good example of just how difficult Parliamentary business can be in India. The Lok Sabha is directly elected on a constituency basis, but with regional loyalties such a strong determinant of voting, thirty-four political parties are represented, as well as nine independents.

If you think that two party coalition is tough, consider for a moment the job of Indian Prime Minister Manmohan Singh, whose ruling Congress Party governs as part …

Posted in Europe / International and News | Also tagged and | 1 Comment
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