Mark Pritchard

Mark Pritchard

Conservative — The Wrekin

Speaking in the House of Commons on 7 January 2025

Debate

Crown Estate Bill [Lords]

Contribution

Let us be clear that this is a huge departure for the Crown Estate. The Bill basically allows it to go to the City and to raise capital based on its assets, most of which, as the Minister highlights, are property. As he knows, the sponsor Government Department for the Crown Estate is the Treasury, but investments go up and down. What if those investments go down? Who will be the guarantor for those liabilities? Will it be the taxpayer or the Crown Estate?

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