Libyan-sponsored IRA Terrorism — House of Commons, 2018-05-10
Topic: Mixed Topics
James Fitzpatrick (Labour, Centre-left): I am grateful for the opportunity to make a brief contribution to this debate. It is a pleasure to follow the hon. Member for Romford (Andrew Rosindell), who has been so strong in his support for this campaign over so many years I am reassured to see the Minister in his place. He commands great respect on both sides of the House. He has heard numerous speakers say that he does not face a very high bar. We need a champion in the House, and many of us hope he will be able to deliver because we know he is supportive of the cause, to which he is sympathetic. I congratulate the hon. Member for Tewkesbury (Mr Robertson) on leading the bid to secure this debate, and I thank the Backbench Business Committee for affording the time The South Quay bomb in 1996, near Canary Wharf in my constituency, signalled the end of the IRA ceasefire that had briefly prevailed. Two men died and 50 other people were injured. Hundreds of buildings were damaged or destroyed, many businesses were negatively affected and many, many people were made temporarily homeless I pay tribute to Jonathan Ganesh, who was badly injured in the blast. He set up and has been the driving force behind the Docklands Victims Association, which campaigns for redress for victims and their families. Inam Bashir and John Jeffries died, and some of the survivors had life-changing injuries—brain damage, blindness and paralysis—and are still awaiting appropriate compensation. Some, as has been mentioned, have died. We heard moving testimonies from my hon. Friend the Member for Vauxhall (Kate Hoey) and from the hon. Member for Tewkesbury The noble Lord Empey first introduced the Asset Freezing (Compensation) Bill in the other place in 2016. The Bill has since been passed by the Lords, and the hon. Member for Romford is now pushing for it to have a hearing in this House. Billions of pounds of Libyan assets have been frozen and gathering interest in UK bank accounts for years. I submitted a parliamentary question asking how much is frozen and how much interest has accrued and—this contradicts the hon. Member for Romford, with no disrespect—the Economic Secretary to the Treasury told me in February 2018: "In 2011, the approximate aggregate value at the time the funds were frozen in the UK was £7.5 billion The current value of frozen assets held are in the process of being finalised as part of the ‘2017 Annual Frozen Fund Review’. However, at the close of business on 30 September 2016 they were approximately £11.7 billion." So we are talking about £7.5 billion in 2011 and £11.7 billion in 2016, with the funds having almost doubled in that period. Many of us do not accept the Government’s contention that these funds cannot be accessed. As we have heard, in the USA, following the Libyan Claims Resolution Act in 2008, US victims of Libyan-sponsored terrorism were paid substantial compensation. So the questions are, and have been for some time: can the funds be used, can the interest be used and what discussions have been taking place with the Libyan authorities? Although we all recognise the absence of a formal Government structure with which to deal, if discussions have been taking place, it would be good to know exactly where we are with those The second route we have been pressing, in the absence of legal access to the interest and frozen assets—and I understand that the Government have to recognise this—is at the UN, as outlined by the hon. Member for South Suffolk (James Cartlidge). At some point, the decision to unfreeze Libyan assets in various countries has to be taken and it has to be decided by a resolution of the UN. A number of us have been calling for the UK to threaten to use our veto on the Security Council against the release of these funds. I would be grateful if the Minister responded on that proposal to say why the Foreign and Commonwealth Office seems so set against it. Given the billions at stake, it might be thought to be in Libya’s interests to afford a small percentage of those assets to secure the bulk of the money it needs so badly to restructure the country This campaign has gone on for far too long. It is time for the UK Government to step up and conclude this sorry saga, whether by domestic decision, accessing frozen assets or diplomatic pressure. The victims deserve better.