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Examination of Witnesses | Leasehold and Freehold Reform Bill | Public Bill Committees Okay, so more generally then, on regulators—Ofgem on energy prices and Ofwat on sewage and water—that approach seems not to provide the outc
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 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 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 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 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 That’s all right, Dame Caroline. Let’s stick with net present values, shall we, Professor?
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q I am interested because so many other purchase decisions—indeed the mortgage you get—will be subject to market rates at that time.
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 Well, let me draw on that. The core of this is something I mentioned earlier.
