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The Sunday Times yesterday reported that a Canadian pension fund, Omers "which invests the pension savings of Ontario's public sector workers" is a lead contender. Private equity firms are also said to be interested.

The Land Registry (described as an 'agency') is reported to have made a surplus of £100m in the 2013 financial year, and could be worth up to £1.2bn. The reasons for selling appear to be only the rationale of privatising and shrinking the state, and raising money on a one-off basis. As others have commented, privatisation will likely lead to increased fees and a less efficient service. I wonder if the Government will still stand as insurer of last resort if the Land Registry cocks up and allows fraudsters to 'steal' titles? Land after all is still held of the Crown.

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