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Will this consultation address the PII situation, if indeed anything can be done?

Many are trapped and the SRA have openly acknowledged it is a big barrier to entry and exit and thus competition.

Councils having theirs underwritten by council tax payers, Accountants requiring only £500k, there's much to be done and will estate agents even be able to spell 'professional' ? Their lack of regulation has been a significant competitive advantage for decades !

Level the playing field if you're going to talk about competition.