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Northern Rock Building Society

EDM number 573 in 1996-97, proposed by Gerry Steinberg on 24/02/1997.

That this House is appalled at the policy of the management of the Northern Rock Building Society who, since the announcement of their intention to float on the Stock Market, have held both their borrowers and investors to ransom by charging above average interest rates on investment accounts safe in the knowledge that huge numbers of their customers are trapped in their respective accounts in fear of missing out on conversion shares; furthermore notes that they doubled the Government's one quarter point base rate rise to their borrowers on 1st January, which they have now reversed by a cut of one fifth of a point, which has resulted in a cost to the typical Northern Rock borrower of ú30, which should be repaid; and is not surprised that the Northern Rock has one of the worst reputations in the industry.

This motion has been signed by a total of 28 MPs.

Gerry Steinberg24/02/1997Durham, City ofProposed
Eric Martlew24/02/1997CarlisleSigned
Elliot Morley24/02/1997Glanford and ScunthorpeSigned
Keith Bradley24/02/1997Manchester, WithingtonSigned
Lawrence Cunliffe25/02/1997LeighSigned
Bill Michie25/02/1997Sheffield, HeeleySigned
Ken Livingstone25/02/1997Brent EastSigned
Lynne Jones25/02/1997Birmingham, Selly OakSigned
Alan Meale26/02/1997MansfieldSigned
Eric Clarke26/02/1997MidlothianSigned
Ian Davidson26/02/1997Glasgow, GovanSigned
Kenneth Eastham26/02/1997Manchester, BlackleySigned
Tony Banks26/02/1997Newham North WestSigned
Jack Thompson27/02/1997WansbeckSigned
Harry Barnes27/02/1997North East DerbyshireSigned
Bill Etherington27/02/1997Sunderland NorthSigned
Eric Illsley27/02/1997Barnsley CentralSigned
Robert Parry03/03/1997Liverpool, RiversideSigned
John Cummings03/03/1997EasingtonSigned
Colin Pickthall04/03/1997West LancashireSigned
Michael Connarty04/03/1997Falkirk EastSigned
Mike Hall05/03/1997Warrington SouthSigned
John Gunnell05/03/1997Leeds South and MorleySigned
Jean Corston05/03/1997Bristol EastSigned
Jeremy Corbyn05/03/1997Islington NorthSigned
Denis MacShane05/03/1997RotherhamSigned
Jeff Ennis06/03/1997Barnsley EastSigned
John Battle06/03/1997Leeds WestSigned

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