Retention Of Mutual Building Societies

EDM number 96 in 1997-98, proposed by Julia Drown on 09/06/1997.

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.

This motion has been signed by a total of 79 MPs, 2 of these signatures have been withdrawn.