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Landbanking And The Wind-Up Of UK Land Investments

EDM number 1757 in 2007-08, proposed by Greg Mulholland on 11/06/2008.
Categorised under the topics of Financial institutions, Financial services and Planning.

That this House commends the action taken by the Financial Standards Authority to petition the High Court for a wind-up order against UK Land Investments, the country's largest landbanking firm, for operating an illegal collective investment scheme; hopes that this will lead to action being taken against other organisations engaged in landbanking, described as the practice of subdividing undeveloped land and selling individual plots to secondary investors at an inflated cost on the basis that they will profit from future development on the land; hopes that this decision will be the beginning of the end of this practice which has caused so many investors to lose money and blighted communities where these plots are located; and now calls on the Government to take action to outlaw this activity to protect both investors and communities.

This motion has been signed by a total of 30 MPs.

Greg Mulholland11/06/2008Leeds North WestLiberal DemocratProposed
Peter Bottomley11/06/2008Worthing WestConservativeSeconded
Bob Russell11/06/2008ColchesterLiberal DemocratSeconded
Bob Spink11/06/2008Castle PointUKIPSeconded
Mark Durkan11/06/2008FoyleSocial Democratic and Labour PartySeconded
Lynne Jones12/06/2008Birmingham, Selly OakLabourSeconded
Paul Holmes12/06/2008ChesterfieldLiberal DemocratSigned
Colin Breed12/06/2008South East CornwallLiberal DemocratSigned
Andrew Dismore12/06/2008HendonLabourSigned
David Drew12/06/2008StroudLabourSigned
Jeremy Corbyn16/06/2008Islington NorthLabourSigned
Paul Rowen16/06/2008RochdaleLiberal DemocratSigned
Rudi Vis17/06/2008Finchley and Golders GreenLabourSigned
Mark Hunter17/06/2008CheadleLiberal DemocratSigned
Brian Jenkins18/06/2008TamworthLabourSigned
John Leech18/06/2008Manchester, WithingtonLiberal DemocratSigned
John Pugh18/06/2008SouthportLiberal DemocratSigned
Nick Harvey19/06/2008North DevonLiberal DemocratSigned
Vincent Cable19/06/2008TwickenhamLiberal DemocratSigned
Janet Dean19/06/2008BurtonLabourSigned
Clive Efford19/06/2008ElthamLabourSigned
Ann Cryer20/06/2008KeighleyLabourSigned
John McDonnell23/06/2008Hayes and HarlingtonLabourSigned
Andrew Stunell23/06/2008Hazel GroveLiberal DemocratSigned
Eric Illsley26/06/2008Barnsley CentralLabourSigned
Lorely Burt01/07/2008SolihullLiberal DemocratSigned
Alan Simpson02/07/2008Nottingham SouthLabourSigned
Bill Etherington02/07/2008Sunderland NorthLabourSigned
John Hemming08/07/2008Birmingham, YardleyLiberal DemocratSigned
Jo Swinson15/07/2008East DunbartonshireLiberal DemocratSigned

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