Proceeding contribution from Lembit Opik (Liberal Democrat) in the House of Commons on Friday, 19 October 2007. It occurred during Debate on bill on Building Societies (Funding) and Mutual Societies (Transfers) Bill.
Building Societies (Funding) and Mutual Societies (Transfers) Bill
I am following and I am intrigued by the hon. Gentleman's argument, but what evil is he seeking to prevent? If for some reason a British financial institution wanted to merge with a wine-making co-operative in the south of France, I presume that it would do so only because it thought it was in the best economic interests of the business. I am not completely clear about what precisely the hon. Gentleman is trying to prevent UK financial mutuals from doing. As far as I can see, they are motivated not by a love of wine, but by a love of profit.
Secondary information
- Type
- Proceeding contribution
- Reference
- 464 c1075
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Channel Islands Fees and charges Insurance companies Isle of Man Financial Services Authority Mergers Mutual societies Subsidiary companies European economic area
- Legislation
- Building Societies (Funding) and Mutual Societies (Transfers) Bill 2006-07
- Financial Mutuals Arrangements Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 12:35:57 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_418312
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_418312
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_418312