UK Parliament / Open data

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

I am following and I am intrigued by the hon. Gentleman's argument, but what evil is he seeking to prevent? If for some reason a British financial institution wanted to merge with a wine-making co-operative in the south of France, I presume that it would do so only because it thought it was in the best economic interests of the business. I am not completely clear about what precisely the hon. Gentleman is trying to prevent UK financial mutuals from doing. As far as I can see, they are motivated not by a love of wine, but by a love of profit.

About this proceeding contribution

Reference

464 c1075 

Session

2006-07

Chamber / Committee

House of Commons chamber
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