Financial Services Compensation Scheme Levy On Building Societies

EDM number 426 in 2008-09, proposed by Ann Cryer on 13/01/2009.
Categorised under the topic of Financial services.

That this House notes the disproportionate impact on building societies of the Financial Services Compensation Scheme (FSCS) levy, resulting from the failure of Bradford and Bingley plc, the Icelandic banks and London Scottish Bank; recognises that building societies' share of the levy, approximately £200 million per annum in each of the next three years, is equivalent to about 15 per cent. of the sector's pre-tax profit for 2007-08 financial year ends; notes that building societies' share of the levy for years beyond 2011 is uncertain, but could well be higher than £200 million per annum; acknowledges that the impact on building societies contrasts starkly with the banking sector, where the FSCS levy is typically well below five per cent. of pre-tax profits over a similar accounting period; further notes that the current allocation of the FSCS levy works to the detriment of building societies' members, their savers and borrowers; acknowledges that no building society has ever made a call on the FSCS or its predecessor schemes; and calls on the Government to introduce a more equitable scheme for funding the insurance of deposits of failed banks.

This motion has been signed by a total of 174 MPs, 3 of these signatures have been withdrawn.

MP	Date	Constituency	Party	Type
Ann Cryer	13/01/2009	Keighley	Labour	Proposed
Bob Russell	13/01/2009	Colchester	Liberal Democrat	Seconded
Chris McCafferty	13/01/2009	Calder Valley	Labour	Seconded
David Curry	13/01/2009	Skipton & Ripon	Conservative	Seconded
Colin Challen	13/01/2009	Morley & Rothwell	Labour	Seconded
Marsha Singh	13/01/2009	Bradford West	Labour	Seconded
Betty Williams	13/01/2009	Conwy	Labour	Signed
Peter Bottomley	13/01/2009	Worthing West	Conservative	Signed
Paul Flynn	13/01/2009	Newport West	Labour	Signed
Janet Dean	13/01/2009	Burton	Labour	Signed
Martin Caton	13/01/2009	Gower	Labour	Signed
Colin Burgon	13/01/2009	Elmet	Labour	Signed
Kelvin Hopkins	13/01/2009	Luton North	Labour	Signed
Gordon Prentice	13/01/2009	Pendle	Labour	Signed
Julie Morgan	13/01/2009	Cardiff North	Labour	Signed
Jeremy Corbyn	14/01/2009	Islington North	Labour	Signed
Andrew Dismore	14/01/2009	Hendon	Labour	Signed
Jim Dobbin	14/01/2009	Heywood & Middleton	Labour	Signed
Andrew George	14/01/2009	St Ives	Liberal Democrat	Signed
David Taylor	14/01/2009	North West Leicestershire	Labour	Signed
Robert Wareing	14/01/2009	Liverpool, West Derby	Independent	Signed
Nicholas Winterton	14/01/2009	Macclesfield	Conservative	Signed
Ronnie Campbell	14/01/2009	Blyth Valley	Labour	Signed
Gregory Campbell	14/01/2009	East Londonderry	DUP	Signed
James Plaskitt	14/01/2009	Warwick & Leamington	Labour	Signed
Terry Rooney	14/01/2009	Bradford North	Labour	Signed
Nick Harvey	14/01/2009	North Devon	Liberal Democrat	Signed
Lindsay Hoyle	14/01/2009	Chorley	Labour	Signed
Lynne Jones	14/01/2009	Birmingham, Selly Oak	Labour	Signed
Elfyn Llwyd	14/01/2009	Meirionnydd Nant Conwy	Plaid Cymru	Signed
Alan Meale	14/01/2009	Mansfield	Labour	Signed
Andrew Pelling	15/01/2009	Croydon Central	Independent	Signed
John Hemming	15/01/2009	Birmingham, Yardley	Liberal Democrat	Signed
Don Touhig	15/01/2009	Islwyn	Labour	Signed
Mark Todd	15/01/2009	South Derbyshire	Labour	Signed
David Borrow	15/01/2009	South Ribble	Labour	Signed
Charlotte Atkins	15/01/2009	Staffordshire Moorlands	Labour	Signed
David Drew	15/01/2009	Stroud	Labour	Signed
Edward Davey	15/01/2009	Kingston & Surbiton	Liberal Democrat	Signed
John Butterfill	15/01/2009	Bournemouth West	Conservative	Signed
Alun Michael	15/01/2009	Cardiff South & Penarth	Labour	Signed
Dennis Skinner	15/01/2009	Bolsover	Labour	Signed
John Leech	19/01/2009	Manchester, Withington	Liberal Democrat	Signed
Clive Betts	19/01/2009	Sheffield, Attercliffe	Labour	Signed
Mike Hancock	19/01/2009	Portsmouth South	Liberal Democrat	Signed
David Chaytor	19/01/2009	Bury North	Labour	Signed
Mark Lazarowicz	19/01/2009	Edinburgh North & Leith	Labour	Signed
Glenda Jackson	19/01/2009	Hampstead & Highgate	Labour	Signed
Bob Spink	19/01/2009	Castle Point	Independent	Signed
Clare Short	19/01/2009	Birmingham, Ladywood	Independent Labour	Signed
Andrew Stunell	20/01/2009	Hazel Grove	Liberal Democrat	Signed
Alan Beith	20/01/2009	Berwick-upon-Tweed	Liberal Democrat	Signed
Neil Gerrard	20/01/2009	Walthamstow	Labour	Signed
Ian McCartney	20/01/2009	Makerfield	Labour	Signed
Joan Humble	20/01/2009	Blackpool North & Fleetwood	Labour	Signed
Ken Purchase	20/01/2009	Wolverhampton North East	Labour	Signed
Richard Taylor	21/01/2009	Wyre Forest	Independent	Signed
Adrian Bailey	21/01/2009	West Bromwich West	Labour	Signed
Mark Durkan	21/01/2009	Foyle	Social Democratic and Labour Party	Signed
Brian Iddon	21/01/2009	Bolton South East	Labour	Signed
Alan Simpson	21/01/2009	Nottingham South	Labour	Signed
Jennifer Willott	22/01/2009	Cardiff Central	Liberal Democrat	Signed
Mark Williams	22/01/2009	Ceredigion	Liberal Democrat	Signed
Martin Horwood	22/01/2009	Cheltenham	Liberal Democrat	Signed
Danny Alexander	22/01/2009	Inverness, Nairn, Badenoch & Strathspey	Liberal Democrat	Signed
Tony Wright	22/01/2009	Cannock Chase	Labour	Signed
Phil Willis	22/01/2009	Harrogate & Knaresborough	Liberal Democrat	Signed
Rudi Vis	22/01/2009	Finchley & Golders Green	Labour	Signed
Peter Atkinson	22/01/2009	Hexham	Conservative	Signed
John Pugh	22/01/2009	Southport	Liberal Democrat	Signed
Charles Kennedy	22/01/2009	Ross, Skye & Lochaber	Liberal Democrat	Signed
Jim Cousins	22/01/2009	Newcastle upon Tyne Central	Labour	Signed
Don Foster	22/01/2009	Bath	Liberal Democrat	Signed
David Amess	22/01/2009	Southend West	Conservative	Signed
David Hamilton	22/01/2009	Midlothian	Labour	Signed
Jim Cunningham	26/01/2009	Coventry South	Labour	Signed
Frank Dobson	26/01/2009	Holborn & St Pancras	Labour	Signed
Bill Etherington	26/01/2009	Sunderland North	Labour	Signed
John Thurso	26/01/2009	Caithness, Sutherland & Easter Ross	Liberal Democrat	Signed
Roger Williams	26/01/2009	Brecon & Radnorshire	Liberal Democrat	Signed
Paul Rowen	26/01/2009	Rochdale	Liberal Democrat	Signed
Dai Davies	26/01/2009	Blaenau Gwent	Independent	Signed
Malcolm Bruce	26/01/2009	Gordon	Liberal Democrat	Signed
Annette Brooke	26/01/2009	Mid Dorset & North Poole	Liberal Democrat	Signed
Nick Palmer	26/01/2009	Broxtowe	Labour	Signed
Gwyn Prosser	26/01/2009	Dover	Labour	Signed
Adrian Sanders	26/01/2009	Torbay	Liberal Democrat	Signed
Dai Havard	26/01/2009	Merthyr Tydfil & Rhymney	Labour	Signed
George Howarth	26/01/2009	Knowsley North & Sefton East	Labour	Signed
Malcolm Moss	26/01/2009	North East Cambridgeshire	Conservative	Signed
Chris Mullin	26/01/2009	Sunderland South	Labour	Signed
Willie Rennie	27/01/2009	Dunfermline & Fife West	Liberal Democrat	Signed
Linda Riordan	27/01/2009	Halifax	Labour	Signed
Paul Truswell	27/01/2009	Pudsey	Labour	Signed
Dari Taylor	27/01/2009	Stockton South	Labour	Signed
Fabian Hamilton	27/01/2009	Leeds North East	Labour	Signed
Richard Caborn	27/01/2009	Sheffield Central	Labour	Signed
Albert Owen	27/01/2009	Ynys M	Labour	Signed
Edward Leigh	27/01/2009	Gainsborough	Conservative	Signed
Gerald Kaufman	27/01/2009	Manchester, Gorton	Labour	Signed
Brian Jenkins	27/01/2009	Tamworth	Labour	Signed
Joan Walley	28/01/2009	Stoke-on-Trent North	Labour	Signed
Ian Stewart	28/01/2009	Eccles	Labour	Signed
Mike Gapes	28/01/2009	Ilford South	Labour	Signed
Michael Connarty	28/01/2009	Linlithgow & Falkirk East	Labour	Signed
Mike Wood	29/01/2009	Batley & Spen	Labour	Signed
Michael Clapham	29/01/2009	Barnsley West & Penistone	Labour	Signed
Menzies Campbell	29/01/2009	Fife North East	Liberal Democrat	Signed
Michael Meacher	29/01/2009	Oldham West & Royton	Labour	Signed
David Heyes	02/02/2009	Ashton-under-Lyne	Labour	Signed
Vincent Cable	02/02/2009	Twickenham	Liberal Democrat	Signed
John Austin	02/02/2009	Erith & Thamesmead	Labour	Signed
Steve Webb	02/02/2009	Northavon	Liberal Democrat	Signed
Robert Walter	03/02/2009	North Dorset	Conservative	Signed
Roger Godsiff	03/02/2009	Birmingham, Sparkbrook & Small Heath	Labour	Signed
Katy Clark	04/02/2009	Ayrshire North & Arran	Labour	Signed
Tim Farron	04/02/2009	Westmorland & Lonsdale	Liberal Democrat	Signed
Brian Binley	05/02/2009	Northampton South	Conservative	Signed
Hugh Bayley	05/02/2009	York, City of	Labour	Signed
Jim Dowd	05/02/2009	Lewisham West	Labour	Signed
Robert Key	05/02/2009	Salisbury	Conservative	Signed
David Maclean	09/02/2009	Penrith & The Border	Conservative	Signed
David Clelland	09/02/2009	Tyne Bridge	Labour	Signed
David Crausby	09/02/2009	Bolton North East	Labour	Signed
Nick Ainger	09/02/2009	Carmarthen West & South Pembrokeshire	Labour	Signed
Paddy Tipping	09/02/2009	Sherwood	Labour	Signed
Richard Bacon	10/02/2009	South Norfolk	Conservative	Signed
Tom Brake	10/02/2009	Carshalton & Wallington	Liberal Democrat	Signed
Geoffrey Robinson	10/02/2009	Coventry North West	Labour	Signed
Norman Lamb	11/02/2009	North Norfolk	Liberal Democrat	Signed
Graham Stuart	11/02/2009	Beverley & Holderness	Conservative	Signed
David Tredinnick	12/02/2009	Bosworth	Conservative	Signed
Mark Pritchard	23/02/2009	Wrekin, The	Conservative	Signed
David Howarth	23/02/2009	Cambridge	Liberal Democrat	Signed
David Anderson	23/02/2009	Blaydon	Labour	Signed
Ann Widdecombe	23/02/2009	Maidstone & The Weald	Conservative	Signed
Robert Syms	23/02/2009	Poole	Conservative	Signed
Michael Ancram	23/02/2009	Devizes	Conservative	Signed
Ian Davidson	23/02/2009	Glasgow South West	Labour	Signed
Frank Cook	23/02/2009	Stockton North	Labour	Signed
Denis Murphy	23/02/2009	Wansbeck	Labour	Signed
Eric Illsley	23/02/2009	Barnsley Central	Labour	Signed
Adam Price	23/02/2009	Carmarthen East & Dinefwr	Plaid Cymru	Signed
Greg Mulholland	24/02/2009	Leeds North West	Liberal Democrat	Signed
Christopher Fraser	24/02/2009	South West Norfolk	Conservative	Signed
David Laws	25/02/2009	Yeovil	Liberal Democrat	Signed
Eric Martlew	25/02/2009	Carlisle	Labour	Signed
Michael Mates	25/02/2009	East Hampshire	Conservative	Signed
Mark Oaten	25/02/2009	Winchester	Liberal Democrat	Signed
Desmond Turner	25/02/2009	Brighton, Kemptown	Labour	Signed
Daniel Rogerson	26/02/2009	North Cornwall	Liberal Democrat	Signed
Paul Keetch	26/02/2009	Hereford	Liberal Democrat	Signed
John McDonnell	27/02/2009	Hayes & Harlington	Labour	Signed
Doug Naysmith	27/02/2009	Bristol North West	Labour	Signed
Sandra Gidley	03/03/2009	Romsey	Liberal Democrat	Signed
Lembit	04/03/2009	Montgomeryshire	Liberal Democrat	Signed
Andy Reed	05/03/2009	Loughborough	Labour	Signed
Anne Main	10/03/2009	St Albans	Conservative	Signed
Bob Laxton	11/03/2009	Derby North	Labour	Signed
Emily Thornberry	12/03/2009	Islington South & Finsbury	Labour	Signed
Jeffrey M Donaldson	19/03/2009	Lagan Valley	DUP	Signed
Stewart Hosie	24/03/2009	Dundee East	Scottish National Party	Signed
Joan Ryan	25/03/2009	Enfield North	Labour	Signed
Russell Brown	01/04/2009	Dumfries & Galloway	Labour	Signed
Harry Cohen	01/04/2009	Leyton & Wanstead	Labour	Signed
Sally Keeble	20/04/2009	Northampton North	Labour	Signed
Paul Burstow	20/04/2009	Sutton & Cheam	Liberal Democrat	Signed
Jo Swinson	20/04/2009	East Dunbartonshire	Liberal Democrat	Signed
Stephen Williams	22/04/2009	Bristol West	Liberal Democrat	Signed
Michael Moore	22/04/2009	Berwickshire, Roxburgh & Selkirk	Liberal Democrat	Signed
Julia Goldsworthy	25/06/2009	Falmouth & Camborne	Liberal Democrat	Signed
John Heppell	Unknown			Withdrawn
Ian Gibson	Unknown			Withdrawn
George Mudie	Unknown			Withdrawn

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