BRADFORD AND BINGLEY

Early day motion 1956, tabled 21 July 2009 by Viscount Thurso (Liberal Democrat). Signed by 75 members.

That this House notes the decision by the Financial Services Authority to revoke Bradford and Bingley's deposit-taking licence and the consequent decision by the Government to bring Bradford and Bingley into public ownership; further notes that as a consequence of demutualisation there are many subordinate debt holders and former shareholders, for many of whom this investment represented a substantial portion of their life savings; further notes with concern the decision to cease payment of interest on the subordinate debt; calls on the Government to review this decision; further notes the decision to appoint an independent valuer for the shares; and further calls on the Government to ensure that the valuer's terms of reference will allow a fair valuation for former shareholders.

Signatures by party: Liberal Democrat 29, Labour 26, Conservative 15, DUP 2, Scottish National Party 2, UUP 1.