PARLIAMENTARY EARLY DAY MOTION
LAND REGISTRY PRIVATISATION (6 June 2016)

That this House expresses grave concern at the proposed privatisation of the Land Registry; expresses further concern that any privatisation will have serious consequences for transparency and accountability in the UK property market and hinder efforts to crackdown on corruption and money entering the UK property market via offshore jurisdictions; expresses concern that all the potential bidders for the privatised 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 crimes; notes that the Prime Minister stated in July 2015 that there is no place for dirty money in Britain; 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; laments the Government's decision to seek short-term profit at the expense of public interest; and therefore calls on the Government to reconsider its proposed privatisation of the Land Registry.

Sponsored by:
Mr David Lammy (Labour)