A SOUTH WALES MP has labelled plans to part-privatise Llansamlet's Land Registry as "daylight robbery".
Fears have been raised about the future of the site — and 438 jobs there. The UK Government has announced plans to part-privatise the organisation which records the details of land ownership across Wales and England.
The coalition is looking at getting the private sector involved in running the department in a bid to save cash. Options include a joint venture with private company, or letting a firm take over the running of the organisation.
Llanelli MP Nia Griffith said: "Privatising the Land Registry would be nothing short of daylight robbery, robbing the taxpayer of millions of pounds.
"The Land Registry currently brings in nearly £100 million into the Treasury in profits each year, so it is madness to steal this from the Treasury and stuff it into the pockets of private contractors, who would probably then add insult to injury by hiking the fees and ripping off the public.
"And who's to say that this Tory-LibDem Government wouldn't be wilfully incompetent and sell off the Land Registry at a bargain basement price, as they did with the Royal Mail, depriving the public purse of the true value of this asset?"
Swansea East MP Sian James has said she is deeply concerned and questioned who would really benefit from any sell-off.