Building Societies (Funding) and Mutual Societies (Transfers) Bill

The hon. Gentleman is generous. It has been a collective co-operative effort from hon. Members on both sides of the House. His leadership in particular has made it happen. We are on the verge, with consensual agreement, of taking an important further step forward for the building society and mutual sector in our economy and society. As I said, once the Bill reaches the statute book, with the Government’s full support, it will strengthen further the position of building societies and mutuals. They play a crucial role in innovating, serving their local communities and competing nationally and internationally in what is a fiercely competitive global financial services market. I am happy and proud to commend the Bill to the House. Question put and agreed to. Bill accordingly read the Third time, and passed.