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Right, having read the Consultation publication two phrases, used consistently jumped out at me:

"maximise the re-use of data"

"Today, Land Registry is a Trading Fund and is responsible for both policy and delivery. It is also a creature of statute, which means that its ability to carry out additional activities is constrained by legislation."

So, basically this means:

Let us privatise so we can start selling information on house prices etc to companies and make some money.

Being cynical, would the people who are currently proposing this be in line to get a cushy position in any new company created?

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