Caroline Flint

Standing up for Don Valley.

Privatisation of the Land Registry

As one of the MPs who opposed this policy, I am delighted that the Government has shelved the idea for the time being.

The Government hoped to raise some of the £5billion it is seeking from selling government assets, by disposing of the Land Registry.

I was one of the MPs who lobbied for a backbench debate to challenge this policy in June. The debate was led by Labour MP, David Lammy.

Our argument was that the land registry performs a vital service; and has run at a surplus for 19 of the last 20 years. Last year it yielded £120m to the Government.

The Land Registry plays a vital role in preventing property transactions and ownership being used to launder dirty money through transferring the cash into an asset.  Our Land Registry has an anti-fraud, anti-crime, role as well as simply a recording function.

I am glad the Government has backed down.  You can be assured that if this matter rears its head again, I shall oppose the sale of this important agency.

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