David Lammy – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by David Lammy on 2016-06-06.

To ask the Secretary of State for Business, Innovation and Skills, with reference to the letter he received from the hon. Member of Tottenham of 2 June 2016, if he will make an assessment of the potential effect of the privatisation of the Land Registry on transparency in the UK property market (a) in general and (b) with regards to public records of the corporate and beneficial ownership of properties owned by offshore companies.

Anna Soubry

A Government consultation seeking views on options to move Land Registry operations to the private sector closed on 26 May. My department is analysing these responses and the Government will issue a response in due course. Transparency protections are amongst the factors being considered. No decision has been taken on the future of Land Registry.