BUILDING SOCIETIES (No. 2)

Early day motion 681, tabled 25 May 1999 by Vincent Cable (Liberal Democrat). Signed by 91 members.

That this House urges the Government, in the interests of equity, to consider raising the percentage of borrowers needed to support conversion or take-over of building societies to 75 per cent., on a minimum 50 per cent. turnout, to bring them into line with the criteria required for savers, recognising the long-term interest of borrowers in the future of their society.

Signatures by party: Labour 50, Liberal Democrat 22, Conservative 7, Labour/Co-operative 7, Plaid Cymru 2, Independent 1, Scottish National Party 1, UKUP 1.