Government shelves Land Registry privatisation
Following the campaign I led earlier this year alongside the Public and Commercial Services Union, fellow Members of Parliament and campaigners from a wide range of organisations, yesterday (7th September) the Government quietly shelved its plans to sell of the Land Registry to a private company. The news was reported by a range of media outlets, including The Guardian, the Financial Times, The Mirror, The Times, and City AM.
This is a great victory for Land Registry staff, campaigners and the people and businesses who use the Land Registry’s services. It is also good news for transparency and openness in our property market.
I am pleased that the Government has seen sense and decided to postpone this misguided privatisation, but this is not over yet. I call on the Government to now formally announce that they will be completely scrapping these plans.
The Prime Minister has made clear her determination to crack down on corruption, and it would clearly not be in the public interest for the Government to sell off the Land Registry to a private company, therefore making it easier for secretive trusts and shell companies to purchase properties in the UK whilst hiding behind shady and opaque offshore arrangements.