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Land Registry to cut 1,500 jobs
The Land Registry yesterday unveiled plans to shed 1,500 jobs as part of plans to cut about £500m in costs over 10 years in an effort to safeguard its future after the housing market slump. The agency, which made a £130m loss last year, said it planned to cut around 1,500 of its 6,500 staff by 2011. The agency said it will close five of its 17 offices. The Land Registry could be one of the assets that the Labour government sells to reduce record public borrowing, which is set to hit more than 12 per cent of gross domestic product this year. The Public and Commercial Services union said the proposals had left staff “shocked and angry”.