Monday 23 May 2016

Competition watchdog objects to Land Registry sell-off

Planned privatisation would grant new owner monopoly on commercially valuable data with no incentive to improve access, warns CMA

The competition watchdog has objected to government plans to privatise the Land Registry, warning that allowing a private firm to take possession of property ownership information could cause problems for other businesses.

The Competition & Markets Authority (CMA) said selling off the organisation that keeps the official record of commercial and residential land ownership in England and Wales would give the new owner a monopoly on commercially valuable data with no incentive to improve access to it.

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