The government is asking for responses to its proposals for privatisation of the Land Registry: https://www.gov.uk/government/consultations/land-registry-moving-operations-to-the-private-sector Responses by 26th May.
This might not be an obviously exciting topic – the body which investigates and records land titles probably isn’t at the forefront of most people’s minds. Even land law students tend to yawn at the mention of land registration. But it is important – nobody who buys or sells a house can avoid involvement with the Land Registry. It is compulsory to make entries on the Register whenever land is sold, or dealt with in a variety of other significant ways.
The Land Registry does several important jobs which need to be done securely and competently. Accountability and transparency are also crucial. It is hard to believe that a move into the private sector would maintain standards in any of these areas, let alone improve them. There was considerable opposition to this move last time it was tried (under the Coalition) and the objections still apply.
The Land Registry is a (rare) publicly-owned body which does not lose money. Selling it off raises suspicions that the government is planning a quick sale for cosmetic purposes: ‘selling the family silver’ at a knock-down price, (see also the recent Royal Mail privatisation).
It also has to be said that it doesn’t look good to be doing this at a time of disquiet about hidden assets and offshore trusts and companies: whatever the talk about safeguards and maintaining access, would there really be any chance of getting the sort of information from a privatised Land Registry which allowed Private Eye to survey the proportion of English and Welsh property owned by offshore companies (http://www.private-eye.co.uk/registry )?