Financial Mutuals Arrangements Bill

Again, I entirely agree with the hon. Gentleman. Overall, the proposal in clause 3 is probably the most important thing that we could do to strengthen the mutual movement as a whole and ensure that it is not gobbled up by the private sector for profit, but continues to be able to offer to British citizens all the advantages of mutuality and the mutual sector’s increasingly competitive edge over the incorporated sector. I very much hope that hon. Members will give the Bill a fair wind and allow it to pass through to the Committee stage.