The UK lags well behind other European countries and the US when it comes to bringing prosecutions for bribery, writes Falconer. This is largely due to outdated laws that leave the Serious Fraud Office ill-equipped to fight corruption, especially when it involves UK companies trading outside the UK. For this reason, Falconer says it is vital that the Bribery Bill makes it through parliament before the general election. Failure to do this could lead other nations to doubt that the UK is serious about tackling the problem.
The writer is the former Lord Chancellor and Secretary of State for Justice.