Status Of The Halifax Building Society

EDM number 1033 in 2008-09, proposed by John Mann on 10/03/2009.
Categorised under the topic of Financial institutions.

That this House notes that the Halifax building society has a long, stable history, and that for nearly 150 years it was a safe place for investments and a dependable mortgage broker, set up for the mutual benefit of its members; further notes that using the Building Societies Act 1986 the Halifax demutualised 12 years ago; further notes that it combined with the Bank of Scotland in 2001 and that it is now part of the troubled Lloyds Banking Group; and calls on the Halifax to be remutualised for the benefit of savers and mortgage holders.

This motion has been signed by a total of 34 MPs.