FUTURE OF MUTUAL BUILDING SOCIETIES

Early day motion 486, tabled 19 November 1997 by Sally Keeble (Labour). Signed by 98 members.

That this House welcomes the announcement by the Economic Secretary to the Treasury of the raising of the turnout threshold in ballots for building societies to drop their mutual status; and supports building societies in their promotion of mutuality for the benefit of the public, and especially those on lower incomes.

Signatures by party: Labour 80, Labour/Co-operative 8, Liberal Democrat 6, Conservative 1, Plaid Cymru 1, Scottish National Party 1, Unknown 1.