Parliamentary search - Financial Mutuals Arrangements Bill

Type

Parliamentary proceeding

Reference

458 c1060-1100

Session

2006-07

Department

Treasury

Legislative stage

Second reading

Procedure

Private members' bills proceedings

Chamber / Committee

House of Commons chamber

Financial Mutuals Arrangements Bill
Wednesday, 13 December 2006
Bills
House of Commons

Proceeding contributions

Andrew Love | 458 c1061 (Link to this contribution) Does the hon. Gentleman agree that in the best buy tables for financial services, such as the cost o...

John Butterfill | 458 c1062-5 (Link to this contribution) The hon. Gentleman, with his usual perspicacity, has anticipated my next point. The Miles review, wh...

Show all contributions (53)

Andrew Love | 458 c1065 (Link to this contribution) Does the hon. Gentleman agree that it is palpably unfair that any type of mutual can convert into a ...

Andrew Love | 458 c1066-7 (Link to this contribution) I thank the hon. Gentleman for being so generous this morning. With consolidation taking place acros...

John Butterfill | 458 c1061-2 (Link to this contribution) Indeed. We are presenting the Bill with a view to strengthening the mutual sector and removing some ...

Andrew Love | 458 c1069 (Link to this contribution) Before my hon. Friend leaves that point, did not the investigation show an even deeper malaise in th...

Adrian Bailey | 458 c1070-1 (Link to this contribution) The hon. Gentleman makes a valuable point again, no doubt rooted in his deep knowledge of the indust...

John Butterfill | 458 c1070 (Link to this contribution) Does the hon. Gentleman agree that when the banks, for example, want to improve their expertise in m...

Adrian Bailey | 458 c1069-70 (Link to this contribution) My hon. Friend makes a valuable point. I do not wish to indulge in the grief of the experience of on...

Meg Hillier | 458 c1072-4 (Link to this contribution) I congratulate the hon. Member for Bournemouth, West (Sir John Butterfill) on securing the debate an...

John Butterfill | 458 c1074 (Link to this contribution) That is an important point. The assets of a building society have been built up by all who have cont...

Meg Hillier | 458 c1074-7 (Link to this contribution) The hon. Gentleman makes his point eloquently and passionately, and I absolutely agree with him. My ...

Andrew Love | 458 c1077-8 (Link to this contribution) I also congratulate the hon. Member for Bournemouth, West (Sir John Butterfill) on bringing forward ...

Andrew Love | 458 c1078-9 (Link to this contribution) Indeed. The origins of the Co-operative Permanent building society lay with the employees of the co-...

Kerry McCarthy | 458 c1079 (Link to this contribution) I believe that my hon. Friend signed my early-day motion, which congratulates my right hon. Friend t...

Andrew Love | 458 c1079-80 (Link to this contribution) I agree. That is a very important point, because the thrust of our efforts is to try to eliminate fi...

John Butterfill | 458 c1079 (Link to this contribution) While many banks pay lip service to the problems of financial exclusion, do not those that impose ch...

Kerry McCarthy | 458 c1085 (Link to this contribution) I shall be brief, Mr. Deputy Speaker.

John Butterfill | 458 c1087 (Link to this contribution) I thoroughly agree with everything the hon. Lady says about credit unions. I was one of the earlier ...

Mark Hoban | 458 c1087-8 (Link to this contribution) It is a pleasure to follow the hon. Member for Bristol, East (Kerry McCarthy). She spoke eloquently ...

Meg Hillier | 458 c1088 (Link to this contribution) Both.

James Duddridge | 458 c1090 (Link to this contribution) My hon. Friend mentions cross-party support. Given the importance of the Bill, is he not surprised, ...

Mark Hoban | 458 c1090 (Link to this contribution) I am grateful to my hon. Friend for pointing that out. I am sure that that has not been lost on the ...

John Butterfill | 458 c1099-100 (Link to this contribution) I thank the Economic Secretary for his comments and the helpful way in which he and the Department a...

John Butterfill | 458 c1060-1 (Link to this contribution) I beg to move, That the Bill be now read a Second time. It is a very great honour and privilege to ...

John Butterfill | 458 c1065-6 (Link to this contribution) As always, the hon. Gentleman is absolutely right. That is the whole purpose of clause 3. As we stan...

James Duddridge | 458 c1062 (Link to this contribution) Will my hon. Friend explain how the figure of 75 per cent. was reached, and whether he thinks that t...

John Butterfill | 458 c1062 (Link to this contribution) It is not foreseen that the level will need to go beyond 75 per cent., which is probably the maximum...

Andrew Love | 458 c1062 (Link to this contribution) The hon. Gentleman will be aware of the Miles report of 2004, which investigated the movement into l...

John Butterfill | 458 c1067 (Link to this contribution) Again, I entirely agree with the hon. Gentleman. Overall, the proposal in clause 3 is probably the ...

Adrian Bailey | 458 c1067-8 (Link to this contribution) Let me start by congratulating the hon. Member for Bournemouth, West (Sir John Butterfill) on securi...

Meg Hillier | 458 c1072 (Link to this contribution) I am interested to hear the hon. Gentleman’s comments, but it seems to me that one of the advantages...

James Duddridge | 458 c1072 (Link to this contribution) When it comes to what appears directly in the Bill, I would be more inclined to see a better balance...

James Duddridge | 458 c1071-2 (Link to this contribution) I support the Bill and I am particularly grateful to the big hitters on the two Front Benches for be...

Adrian Bailey | 458 c1070 (Link to this contribution) My hon. Friend makes a valuable point. Looking at the co-operative retail sector, I would like to th...

Andrew Love | 458 c1070 (Link to this contribution) Is not one of the primary reasons for clause 3 an attempt to sponsor transfers of engagement from po...

Meg Hillier | 458 c1074 (Link to this contribution) I could not agree more. These organisations belong to the people who benefit from them and run them ...

Andrew Love | 458 c1074 (Link to this contribution) Earlier in the debate, the hon. Member for Bournemouth, West (Sir John Butterfill) talked about opin...

John Butterfill | 458 c1078 (Link to this contribution) We ought to have known that the Nationwide would act in that way given its former name, the Co-opera...

Meg Hillier | 458 c1079 (Link to this contribution) I agree with my hon. Friend that cash machines are an important issue. Many of my constituents are a...

Andrew Love | 458 c1079 (Link to this contribution) I agree very strongly. Those on lower incomes—those who can least afford to pay charges—are affected...

Andrew Love | 458 c1079 (Link to this contribution) I congratulate my hon. Friend on her early-day motion, which is an excellent way of drawing attentio...

Mark Hoban | 458 c1085 (Link to this contribution) Hooray!

Kerry McCarthy | 458 c1080 (Link to this contribution) My hon. Friend has rightly sung the praises of the Nationwide building society for its initiatives o...

Andrew Love | 458 c1080-4 (Link to this contribution) Yes, I do agree. All the evidence shows that a bank account is the gateway to financial services in ...

Kerry McCarthy | 458 c1087 (Link to this contribution) I thank the hon. Gentleman for that intervention. The Government last looked at credit union legisl...

Kerry McCarthy | 458 c1085-7 (Link to this contribution) I shall be even briefer now that I have received that response. We have had a full and comprehensive...

Mark Hoban | 458 c1088-90 (Link to this contribution) I fear that may not always be the case in the debates we are holding on either side of today’s priva...

Ed Balls | 458 c1097-9 (Link to this contribution) We have looked carefully at the legislation and where the responsibility lies. We have consulted the...

Meg Hillier | 458 c1097 (Link to this contribution) Will my hon. Friend explain why the Treasury has made that decision, because it seems to make sense ...

John Butterfill | 458 c1090 (Link to this contribution) May I point out that the chief spokesman for the Liberal Democrat party on this matter, the hon. Mem...

Ed Balls | 458 c1092-7 (Link to this contribution) May I start by joining the hon. Member for Fareham (Mr. Hoban) in praising the series of powerful sp...

Mark Hoban | 458 c1090-2 (Link to this contribution) I am grateful to my hon. Friend for pointing that out. [Interruption.] The Economic Secretary sugges...

Subjects

Credit unions

Building societies

Cooperatives

Finance

Financial institutions

Insolvency

Insurance

Friendly societies

Protection

Mergers

Mutual societies

Legislation

Financial Mutuals Arrangements Bill 2006-07

Link

View this Parliamentary proceeding on www.publications.parliament.uk