Britain’s position against Russia is built on foundations made of sand until we fix our dirty money problem ✒️ margarethodge for ipaperviews
Second, we made proposals to strengthen law enforcement agencies, which are hopelessly under-funded and ill-equipped to take on deep-pocketed oligarchs. It only costs £12 to set up a company in the UK, compared to an average of €300 across Europe. Raising this fee by a small amount would help raise additional funds to combat economic crime. The cash from these fees should be ring-fenced, alongside money raised from fines, into an economic crime fighting fund.
The Government has yet to deliver changes, despite repeatedly promising to do so. Amendments we are proposing to this Bill would go a long way to solving this problem by empowering courts to throw the most abusive lawsuits.
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