Early day motion tabled by primary sponsor Julia Drown (Labour), on Monday, 9 June 1997, in the House of Commons. It is signed by 77 members in total.

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RETENTION OF MUTUAL BUILDING SOCIETIES

That this House notes the considerable pressure being applied to the Nationwide Building Society which is committed to remaining mutual to become a bank; further notes that this would threaten homeowners with higher mortgage interest rates and savers with lower interest rates; and calls for the mutual status of building societies to be respected and maintained to ensure that homeowners and savers have more choice.

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Secondary information

Type

Early day motion

Reference

96 

Session

1997-98

Subjects

Building societies Nationwide Anglia Building Society

Link

View this Early day motion on www.parliament.uk