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I have absolutely no clue why they think this is a good idea. The Land Registry is one of the few governmental departments that actually turns a profit! Averag
by alva 11y ago
I have absolutely no clue why they think this is a good idea.
The Land Registry is one of the few governmental departments that actually turns a profit! Average is £80m a year if I remember correctly. Apart from that, I think having this data controlled by a private company will make the waters over housing ownership even murkier in Britain.
- esja 11y agoWell if it already turns a profit, imagine how great it will be for the new owners when they start charging more for public access to public data. And imagine how hard it will be for Private Eye and others to dig into the corruption which is endemic in the UK property market. Some people (if they really qualify as human) see those as positives rather than negatives.
- tobylane 11y agoThe new owners won't be allowed to raise the prices and the whole thing is guaranteed by the government. It seems likely that it'll still be considered a public organisation like National Rail.