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Land Registry privatisation plans abandoned by ministers

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Business secretary Vince Cable vetoes plans following disagreements between Lib Dems and Tories

Plans to privatise the Land Registry have officially been abandoned, it was confirmed on Monday following rows between Liberal Democrat and Tory ministers.

The £1.2bn state-owned business, which controls records of all property deals in England and Wales, was expected to be sold off after the government began a consultation in January over whether to create a "GovCo" to run some services.

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