Speeches by Yang.

“I am aware that there has been a timeline for the implementation of public registers of beneficial ownership in those territories. That was meant to be the end of last year. Does this lack of implementation pose any risk in terms of enforcement of the UK’s sanctions?”

“Ms Davies, I was wondering if you had anything to add on the challenges this might pose for enforcement.”

“Mr Thomson, what do you see as the highest-risk areas or regions, particularly in terms of circumventing UK sanctions?”

“I would like to transport us to the overseas territories and Crown dependencies, figuratively speaking. I note the Joint Ministerial Council communique from a few days ago, which describes addressing the sanctions vulnerabilities across the overseas territories and improving sanctions co-operation between the UK and th…”

“To get a sense of that term, what would count as low value?”

“Would you say, then, that, for the majority of cases that do not go to further action, that is because of self-reporting or because you have arrived at a case that is not severe or important enough to warrant that, or is it because of a lack of tools to implement the further action?”

“The majority of cases you are investigating do not then go on to enforcement. Does that come from cases being reported that are not severe enough or an over-reporting, if you like? What do you think would be ways to reduce that ratio, if possible?”

“What are the annual numbers for moderate or severe breaches that you do investigate? What about the breaches that do not get to that investigation level?”

“John referred to this perception of a lack of action. There is a lot of action that goes on within the Office that the average viewer of this session might not know about. Mr Thomson, I was wondering if you could describe how you make the decision whether to publicise breaches when they occur.”

“The information is definitely there. It is just not public.”

“To clarify, is the NCA’s concern, in your understanding, that, if they were to report the number of annual cases passed to law enforcement, the number would be too small to serve as a deterrent?”

“Is the concern that, if the number is small, people might then think, “I can get away with this”, and therefore not report it?”

“I have one last question on data reporting. Mr Thomson, earlier this morning you said that there was no publication of the number of cases referred to crime enforcement, because the NCA was not willing for you to make that publication. I was wondering if you could go a bit more into what they see as the risks of public…”

“I very much commend the Secretary of State for the youth guarantee. In my constituency, many businesses have invested in the hi-tech industries of the future. However, I speak to young people and their families who are concerned about those young people getting jobs on the first rung of the ladder. This year, there wil…”

“I am frankly astonished at the principle underlying some of the comments made by the shadow Foreign Secretary and some of her Conservative colleagues today. I have been giving assemblies to primary school children across the Earley and Woodley constituency emphasising that British democracy means that nobody is above t…”

“Thousands of families in my constituency have moved into new-build developments in Shinfield, Loddon Park and beyond. But many have found their dreams of home ownership punctured by unfair and opaque property management charges. Can the Deputy Prime Minister reassure my constituents by setting out how the leasehold ref…”

“I would like to turn now to quantitative tightening and what came before QT. Thank you, Governor, for your correspondence with the Chancellor over the asset purchase facility arrangements, which the Committee has seen. As part of those arrangements, as you know, the Treasury is now effectively paying out interest payme…”

“In the last financial year, the Treasury paid £20 billion or £30 billion to the Bank.”

“For the current Parliament, what matters are the in-year budget constraints.”

“Right now, over the last year, you are looking at something like £20 billion to £30 billion in transfers from the Treasury back to the Bank.”