” … Sixty-five cross-party MPs sign letter written by Labour’s David Lammy saying sale would enable ‘shady offshore entities to buy up property in this country’. …
… The letter, addressed to the business secretary, Sajid Javid, warns: “We need a government that is determined to take serious steps to make it harder for shady offshore entities to buy up property in this country and also make it harder for them to shield themselves from scrutiny and investigation. The privatisation of the Land Registry would achieve the opposite.” …
…mA report by the Times linked all the prospective buyers of the Land Registry with offshore firms, a matter also addressed in the letter. The privatisation plans have been opposed by a wide range of organisations and individuals. A petition run by 38 Degrees has almost reached its target of 300,000 signatures, and organisations speaking out against the plans include the Competition and Markets Authority, solicitors and media firms.”
East Devon Watch 