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To: George Osborne
Stop Privatisation of The Land Registry 2015
Stop Privatisation of The Land Registry again!!!
Why is this important?
After fighting off the Privatisation last year, they are at it again!!!
George Osborne is reviving plans for a £1bn-plus privatisation of the Land Registry less than 18 months after the sell-off was vetoed by Liberal Democrat ministers.
Sky News has learnt that Rothschild, the investment bank, has been asked in recent days to examine options for a sale of the organisation, which controls the records of all property transactions in England and Wales.
Sources said on Tuesday that the Chancellor could outline plans to explore a partial sale of the Land Registry in next week's Autumn Statement, although officials from the Treasury and the Department for Business, Innovation and Skills declined to comment on the process.
Previous reports have estimated the Land Registry's value at £1.2bn, with it having recorded a surplus of almost £100m in 2012-13.
Privatisation of the Land Registry will create a private sector monopoly of a function essential to the property market. It will remove competition and devalue the Land Registry.
The Land Registry is a very efficient public organisation that is self funding and is not a drain on public finance. It has a 98% satisfaction rating with its users.
The public consultation on government proposals to privatise the Land Registry closed on Thursday 20th March. There has been no publicity or attempt to inform the public of this radical change to an organisation that is vital to the UK property market.
Another consultation on giving the Land Registry wider powers in the control of data essential to the sale and purchase of property closed earlier with the majority of the public not being aware of its existence.
The Land Registry is well run, efficient and professional. If the government is to sell off one of our best performing public services, the wider public needs to be able to have its say.
George Osborne is reviving plans for a £1bn-plus privatisation of the Land Registry less than 18 months after the sell-off was vetoed by Liberal Democrat ministers.
Sky News has learnt that Rothschild, the investment bank, has been asked in recent days to examine options for a sale of the organisation, which controls the records of all property transactions in England and Wales.
Sources said on Tuesday that the Chancellor could outline plans to explore a partial sale of the Land Registry in next week's Autumn Statement, although officials from the Treasury and the Department for Business, Innovation and Skills declined to comment on the process.
Previous reports have estimated the Land Registry's value at £1.2bn, with it having recorded a surplus of almost £100m in 2012-13.
Privatisation of the Land Registry will create a private sector monopoly of a function essential to the property market. It will remove competition and devalue the Land Registry.
The Land Registry is a very efficient public organisation that is self funding and is not a drain on public finance. It has a 98% satisfaction rating with its users.
The public consultation on government proposals to privatise the Land Registry closed on Thursday 20th March. There has been no publicity or attempt to inform the public of this radical change to an organisation that is vital to the UK property market.
Another consultation on giving the Land Registry wider powers in the control of data essential to the sale and purchase of property closed earlier with the majority of the public not being aware of its existence.
The Land Registry is well run, efficient and professional. If the government is to sell off one of our best performing public services, the wider public needs to be able to have its say.
