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Proceeding contribution from Peter Robinson (Democratic Unionist Party) in the House of Commons on Wednesday, 24 March 2010. It occurred during Adjournment debate on Presbyterian Mutual Society.


Presbyterian Mutual Society

To me, it is not a solution if it does not resolve that issue as well. Those of us in the ministerial working group are of the view that the lenders could probably have their funds returned to them through a fire sale, but those with less than £20,000 saved with the PMS would be harmed and left outside. It is a solution that helps to resolve the matter, or at least removes the greatest element of pain for people in that category. I urge the Minister to use all his influence and ability to try to get a commercial outcome; but, in the absence of that, to give the Treasury support that would be necessary for the Administration's option, should that be required.


Secondary information

Type
Proceeding contribution
Reference
508 c80WH 
Session
2009-10
Chamber / Committee
Westminster Hall
Subjects
Assets Financial services Insolvency Personal savings Northern Ireland Provident societies Presbyterian Mutual Society
Link
View this Proceeding contribution on www.publications.parliament.uk