Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Innovation and Skills, whether the statutory duties imposed on the independent regulator will ensure that fees for (a) statutory functions and (b) non-statutory functions of the Land Registry will (i) not increase above operating costs and (ii) not increase above inflation in the event that the Land Registry is privatised under the Government's alternative model of privatisation with economic regulation.

Under a contract-based approach, fees would still be prescribed in fee orders made by my right hon. Friend the Secretary of State for Business, Innovation and Skills and set before Parliament. Under a regulator-based approach, fees would be controlled by the regulator.