Lord Trefgarne
Main Page: Lord Trefgarne (Conservative - Excepted Hereditary)My Lords, I thank everybody who was kind enough to take part in this debate. I very much appreciated the general feeling that it was worth proceeding along the sort of lines that I have been thinking on. I felt particularly encouraged by what the noble Lord, Lord Desai, and indeed the noble Lord, Lord Kennedy, said: that it is worth considering in this way.
I was much more disappointed than I expected to be by what the Minister said. It was really rather sad. A lot of quite irrelevant points were made. I do not blame her; she was saying what she had been told to say. I quite understand the way that the system works.
I will not go into all the inaccuracies, but there is no question of forming a new band. Other points were made which we will discuss in Committee, because they are mainly Committee points.
The point about stamp duty is a valid one. I made it myself to some extent—I think that there is a need, as with all taxes, to get that balance right, as my noble friend Lord Flight said. My noble friend Lord Sherbourne gave a general welcome to the Bill, but he is right that we need to go into considerably more detail. It was good to be signed off on the economics of it by as distinguished an economist as the noble Lord, Lord Desai. He and I came into the House on the same day, in the same list. In those days, the great and the good were put here for what they had done, and there were others who had no particular merit but were put here for what they might do, and he and I were in that list. In those days, there were 10 a year of those people. The system has grown in rather a different direction in rather a large way since then.
I was very grateful for what my noble friend Lord Brooke of Sutton Mandeville said. We must progress it along the sorts of lines that he is talking about. My noble friend Lord Wasserman has considerable experience of the sorts of things that I am trying to do, in devising methods to improve technical aspects of government. In fact, one of his great achievements is the invention of the police and crime commissioner system, which is not relevant to the Bill but, despite what people say, is working extremely well, particularly in Suffolk, where I come from.
My noble friend Lord True knows an enormous amount about local government, and I take very seriously the points that he made. I do not think that there is an element of retrospection, in the sense that at any moment, when a system is introduced, it will apply to people in the form that it is introduced. Rather luckily, the date on which the Land Registry started to have its full record was April 2000, which means basically that—
I am sorry to interrupt, but if my noble friend would point forward, rather than addressing my noble friend Lord True directly, we could hear what he was saying.
I am so sorry. It is rather fortunate that the date of 2000 was the date when the full Land Registry started, because that is basically before the big explosion in prices. Therefore, there would, in practical terms, be a very limited element of retrospection.