Clause 1 - Power of Crown Estate Commissioners to borrow etc

Crown Estate Bill [Lords] – in the House of Commons at 7:45 pm on 24 February 2025.

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Amendment proposed: 4, page 1, line 26, at end insert—

“(3) The Chancellor of the Exchequer must limit borrowing by the Crown Estate under this section by regulations made by statutory instrument, and these regulations may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.

(4) The first set of regulations made under subsection (3) must limit borrowing to a net debt to asset value ratio of no more than 25 per cent.”—(James Wild.)

This amendment would limit the amount the Commissioners may borrow by regulations subject to the affirmative procedure for statutory instruments.

Division number 103 Crown Estate Bill [Lords] Report Stage: Amendment 4

Aye: 153 MPs

No: 315 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

The House divided: Ayes 153, Noes 316.

Question accordingly negatived.

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