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Has the alleged sale of peerages, knighthoods etc. devalued those already granted for service to the UK?

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Has the alleged sale of peerages, knighthoods etc. devalued those already granted for service to the UK?

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Lord Archer is a convicted criminal, as is Lord Watson. They didn’t even get their peerages taken from them. I don’t think peerages have any value and the sooner we do away with them the better. I certainly wouldn’t give anyone any special treatment just because they had a peerage.

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