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Land Registry should cut back, not raise its fees

I was intrigued to read your story last week that the Land Registry is proposing a fee hike to offset its operating loss due to a fall in transaction numbers (Mortgage Strategy Online).

If there are fewer properties changing hands, why not get rid of a similar percentage of employees starting with Land Registry finance director Heather Foster, who was quoted in the article? And don’t merge offices, get rid of one and scrap staff pensions.

And postage costs have just increased by 10% or more. How does that mirror inflation?

This is another example of how government monopolies screw the rest of us.

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Marketwatch 20/04/2009

Swap rates fell for the first time in several weeks and three-month LIBOR has edged down to 1.53%.

MPC uncertain over scale of asset purchases

The Monetary Policy Committee is still unsure as how to much money should be ploughed into its quantitative easing programme, minutes from the meeting reveal.


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