Sarah Sackman

I beg to move, That the Bill be now read the Third time. Let me I start by reiterating my sincere thanks to Members of this House and the other place for their support and insightful contributions. I am particularly grateful for the support expressed on Second Reading by the hon. Members for Bexhill and Battle (Dr Mullan) and for Woking (Mr Forster), and all Members who have contributed throughout the passage of the Bill. Their engagement demonstrates strong, cross-party momentum behind modernising our personal property law. I also pay tribute to the former Special Public Bill Committee, which gathered expert evidence and was ably led by Lord Anderson of Ipswich. The Law Commission deserves particular recognition for its exemplary work, led by Laura Burgoyne and Christopher Long, and on which this Bill stands. Their engagement with stakeholders has been gold standard and demonstrated the benefits of coherent law reform—transparent, expert-led and deeply consultative. I would also like to thank the former law commissioner Professor Sarah Green for her contribution to this work and for giving evidence at Committee. Lastly, I put on record my thanks to the officials who have worked tirelessly on this Bill. I thank my policy officials, Alicia Love and Jonathan Fear, the Bill managers, Harry McNeill-Adams and Lily Sullivan, and Helen Hall from the Office of Parliamentary Counsel. I also thank my private office, in particular my private secretary, Amelia Overton, and Meheret Ashenafi. This is more than a Bill; it is a landmark step towards ensuring that the law of England and Wales, and Northern Ireland, not only keeps pace with innovation but leads it. The Bill will give digital pioneers the certainty they need, backed by the legal strength they expect from our country. It shows that our economy is open, our ambition is global, and we are here to support innovation. By supporting the recognition of digital assets as property, the Bill helps establish legal certainty. The Bill gives industry the confidence to innovate here, knowing that our legal system can support new models of ownership, transfer and settlement. This is how we translate legal reform into economic leadership. It is how we show that we are at the forefront of the technical revolution, and how that can be seen in the real world with the London Stock Exchange’s announcement of a new digital asset platform. This is the first major global stock exchange to implement a blockchain-based system. This Government are backing growth, backing technology and backing Britain’s future, and as such, I commend the Bill to the House.