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UK government announces sweeping job cuts at Land Registry

Is it a coincidence that the government yesterday confirmed 1500 job losses at the Land Registry, which is an official government department, with five regional offices set to close?

This comes at a time when the UK government admitted a £92 million five-year programme to reduce the cost of this particular department and also earmarked the Land Registry for disposal as part of a £16 billion fundraising programme.

In total, one in four jobs will be lost at the Land Registry and while the official line is that there is an ongoing shift to the online arena, it is obvious that the government is looking to make the department as attractive as possible to any would-be bidders. While often kept away from the limelight, the Land Registry plays a vital role in the UK property market and is seen by many as the central information portal with all data unbiased and of no particular political leaning.

It looks as though we can expect more job cuts and cost savings across UK government departments, and while the £16 billion expected from asset sales will bring in much-needed money, in the overall context of the UK debt position, which many believe is now over £1 trillion, it is fairly irrelevant.

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