Building Societies (No. 2)

EDM number 681 in 1998-99, proposed by Vincent Cable on 25/05/1999.

That this House urges the Government, in the interests of equity, to consider raising the percentage of borrowers needed to support conversion or take-over of building societies to 75 per cent., on a minimum 50 per cent. turnout, to bring them into line with the criteria required for savers, recognising the long-term interest of borrowers in the future of their society.

This motion has been signed by a total of 88 MPs, 1 of these signatures have been withdrawn.