British Overseas Territories: International Negotiations — Question

Part of the debate – in the House of Lords at 3:04 pm on 13 July 2009.

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Photo of Lord Malloch-Brown Lord Malloch-Brown Minister of State, Foreign & Commonwealth Office, Minister of State (Africa, Asia and the UN) 3:04, 13 July 2009

My Lords, I certainly think that the overseas territories, which have probably lived in the shadows of British foreign policy for a while, are for a number of reasons becoming more central, most of which have been mentioned in the previous two interventions. Tax havens and the impact on the economies of a number of these territories as a result of removing tax privileges, the broader impact of the economic crisis combined with the criminal issues with which some have been grappling because of their location and now this issue have put them front and centre again. It is in understanding what we do and do not delegate to them, and ensuring that they understand it, that the solution lies. I am not sure that a wider review is necessary for that common sense to prevail.