Leasehold and Commonhold Reform — [Albert Owen in the Chair]

Part of the debate – in Westminster Hall at 4:00 pm on 2nd October 2019.

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Photo of Peter Bottomley Peter Bottomley Conservative, Worthing West 4:00 pm, 2nd October 2019

We are not able to cover everything in a half-hour debate, but that is one of the issues to which I think the House of Commons needs to return. We ought to have a full-day debate, preferably in Government time and on the Floor of the House, so that many other Members can speak and be a voice for their constituents.

As an example for those who do not read Private Eye on the day it comes out, there is a story about Rothesay Life, which apparently has £1.5 billion of loans. It can revalue the interest over 30 years and take it almost as instant profit. That is the kind of thing that leads people to say, “I am going to be greedy and get away with things as long as I can.”