The Deputy will recall that in response to his request for clarification on the matter I wrote to him on 8 December last confirming that the Government had decided not to proceed with legislation to abolish upwards only rent reviews in existing commercial leases. The letter in question was written after the announcement in the Budget to that effect. That decision was taken on foot of consultations with the Attorney General, which made it clear that the proposed legislation gave rise to significant constitutional difficulties. It was also clear that any legislative proposal would require the payment of compensation to those whose property rights would be infringed if that proposal were to be compatible with Constitutional and European Court of Human Rights norms.
Consultations with the Attorney General commenced in March of last year and continued until November, when the relevant Government decision was taken. That decision was informed fully by the legal advice made available to Government by the Attorney General.