MPs debate the privatisation of the Land Registry
16 June 2016
On Thursday 30 June MPs took part in a debate on the privatisation of the Land Registry. This debate was scheduled by the Backbench Business Committee following a representation from Mr David Lammy.
This debate was opened by Mr David Lammy, Labour MP for Tottenham.
Watch the debate and read the transcript
Text of the motion
"That this House notes the important role the Land Registry plays in registering the ownership of land and property in England and Wales; further notes that the Land Registry has made a surplus in 19 of the last 20 years and paid back £120 million to the public purse in 2015 alone; believes that any privatisation of the Land Registry will have serious consequences for transparency and accountability in the UK property market and hinder efforts to crack down on corruption and money entering the UK property market via offshore jurisdictions; expresses grave concern that all the potential bidders for the Land Registry have been found to be linked to offshore tax havens; notes that the Government has acknowledged that property can provide a convenient vehicle for hiding the proceeds of criminal activity; notes that the Prime Minister stated in July 2015 that there is no place for dirty money in Britain; regrets the Government’s decision to seek short-term profit at the expense of the public interest; opposes the proposed privatisation of the Land Registry; and calls on the Government to reconsider that proposed privatisation."
Backbench Business Committee
The Backbench Business Committee meets weekly on Tuesdays to consider requests for debates from any backbench Members of Parliament on any subject.
The Committee then has to decide how to allocate the limited Parliamentary time it has at its disposal. The Committee's meetings are always conducted in public and can be watched on Parliament TV.
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