Contributions
802 recent contributions in Hansard
HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q I think we can look at strengthening some of the provisions at the start and at the end, in terms of the rights if someone wants to sell their property and how people are leant…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q Actually, I was trying to say that we should stop it altogether because— Halima Ali: Oh right, sorry—16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q So it is redistributive, primarily. It sounds that way from those numbers, but there may be some hidden benefits that have not been monetised in the report. That is helpful.…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q From that, are you implying that your view is that it has been a rip-off to date, and therefore there are monies that you should have been having for all the years you have been…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)That was very helpful; thank you very much.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q So this is a London wealth transfer. Professor Leunig: That will be the biggest—16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)I was not being very clear, I am sorry—it is my job to be clear, not yours. I think what you were saying is that this is trying to fix the problem, but the root of the problem is…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q The whole issue of adoption may or may not be in scope, but there were some other suggestions that you had, such as that estate management charges may not include fees for areas…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q Well, let me draw on that. The core of this is something I mentioned earlier. If you look at the benefits, there is a total of £2.8 billion of impact monetised, which is under a…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q Part 4 of the Bill is called “Regulation of estate management”, which I think is a particular area of interest for you. You said that it all starts at the beginning, when…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q Ms Gourlay, I just wanted to go to part 4, which is about the regulation of estate management charges. You talked at the outset about bringing everything together in the process…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q It is, and it seems very expensive legislation. Do you agree with that? Professor Leunig: Yes.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q Not on my copy; I presume it must have, but this figure is listed at the front. Professor Leunig: I have not seen the impact assessment.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)It would make them adopt them quicker though, wouldn’t it? Cathy Priestley: It certainly would, yes.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q On the change in pension funds and investments, you may have different views about how important that is and my colleague asked you that question. However, putting yourself in…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q Mr Boyd, I want to pick up something you said in answer to the shadow Minster, when you were talking about the treatment of property managers or managing agents in the private…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q That is helpful. What is your instinct? Most of this is about removing marriage value payments. In your understanding, what would you expect the geographic distribution of that…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q Not in this section. Amanda Gourlay: Not in that section. If it is effectively a civil fine, there needs to be a sliding scale. In the tenancy deposit scheme, the way that…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q This is a question I will ask a number of witnesses. We do an impact assessment for legislative change to all Bills, sometimes done well and sometimes less so. This has an…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)There is nothing that leaps out at this stage. Mr Martin Boyd: Nothing leaps out.16 Jan 2024