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Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q Not on my copy; I presume it must have, but this figure is listed at the front.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q Well, let me draw on that. The core of this is something I mentioned earlier.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q You will be aware that impact assessments are required now for all legislation, very helpfully.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q It is, and it seems very expensive legislation. Do you agree with that?
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q The top line says that the best estimate of present value is £90 million, but then it says that the low estimate is minus £1.5 billion an
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q What is clear, though, is that the business net present value is scored at minus £1.7 billion, so presumably we can pretty much say that
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q So it is redistributive, primarily.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees That is very helpful. I will stop there, but I want to come back on discount rates later if I have time.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q That is helpful to know.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q So this is a London wealth transfer.