General Election called! But whatabout the LFR Bill?
23/05/2024
A General Election has been called for 04 July 2024. Whilst there is significant discussion about the Election itself, what happens to all of the legislation that was working through Parliament? Importantly, this includes the Renters Reform Bill and the Leasehold and Freehold Reform Bill, both of which the current Government committed to during the last election in 2019.
Between now and tomorrow afternoon (Friday 24 May), which is when the pre-election period commences, we enter a period called “Wash Up”. During “Wash Up”, a decision must be made on all outstanding bills. The bills will either be pushed through to conclusion and be given Royal Assent or they will simply fall by the wayside. In the latter scenario, the bills may never become law unless the next Government decides to adopt it. If adopted, the next Government could push the bills through as currently drafted, amend it or start again. Nothing is guaranteed in this scenario.
At the time of writing, there are four working days left of “Wash Up”. The next four working days will therefore be make or break for the bills, and in particular our two ground-breaking industry bills.