MUTUAL BUILDING SOCIETIES

Early day motion 179, tabled 26 June 1997 by Lord Stunell (Liberal Democrat). Signed by 61 members.

That this House believes that there are real and substantial benefits to the economy, to small savers, and to low-income borrowers in the preservation of a strong building society industry based firmly on the principle of mutuality; commends the determination of the Nationwide Building Society to retain its mutual status; and urges the Government to offer every encouragement to the mutual society sector of the savings and banking industry.

Signatures by party: Labour 34, Liberal Democrat 17, Labour/Co-operative 7, Conservative 1, Plaid Cymru 1, UUP 1.