UK Parliament / Open data

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

Debate on bills on Friday, 27 April 2007, in the House of Commons, led by John Butterfill. The answering member was Ed Balls.
Building Societies (Funding) and Mutual Societies (Transfers) Bill. Report stage. Third Reading debate. Agreed to on question and Bill passed.

About these Parliamentary proceedings

Reference

459 c1146-57 

Session

2006-07

Department

Treasury

Legislative stage

Third reading and Report stage

Procedure

Private members' bills proceedings

Chamber / Committee

House of Commons chamber

Related items

Building Societies (Funding) and Mutual Societies (Transfers) Bill. As amended in Public Bill Committee.
Wednesday, 25 April 2007
Bills
House of Commons

Proceeding contributions

Ed Balls | 459 c1155-6 (Link to this contribution) Indeed not. For the benefit of the House, however, I shall answer the point about the ratchet. As t...
Speaker | 459 c1156 (Link to this contribution) Order. Once again, we are going a little wide of the Bill. We are discussing what is in it, rather t...

Show all contributions (30)
Ed Balls | 459 c1157 (Link to this contribution) I hope that you will allow me to make a final point about what might become part of the Bill in due ...
John Butterfill | 459 c1156 (Link to this contribution) Will the Minister confirm my understanding that although the limit may be raised from time to time, ...
Ed Balls | 459 c1156 (Link to this contribution) The hon. Gentleman once again reveals his detailed knowledge of the subject and why the Bill has bee...
John Butterfill | 459 c1157 (Link to this contribution) What the Minister suggests is sensible. It will involve making time available in this place for us t...
Ed Balls | 459 c1157 (Link to this contribution) The hon. Gentleman is generous. It has been a collective co-operative effort from hon. Members on bo...
Vincent Cable | 459 c1150-1 (Link to this contribution) In that case there is no particular reason for me to continue discussing my point, so I shall say a ...
David Howarth | 459 c1151 (Link to this contribution) Does my hon. Friend agree that there is a slight problem, with which the Minister may be able to dea...
Vincent Cable | 459 c1151 (Link to this contribution) That is right. To be fair, the Bill is not prescriptive. In fact, it gives the Treasury power to int...
Vincent Cable | 459 c1151 (Link to this contribution) I was not in any sense trying to criticise the Bill, which I support as a sponsor, because it is not...
David Howarth | 459 c1151-2 (Link to this contribution) I do not want to labour the point, because I accept what my hon. Friend said about the Bill’s practi...
Vincent Cable | 459 c1152-3 (Link to this contribution) Yes, I take my hon. Friend’s point, except that in practice that does not require building societies...
Mark Hoban | 459 c1153-4 (Link to this contribution) I shall keep my remarks brief, Madam Deputy Speaker, conscious not only of your guidance to the hon....
Ed Balls | 459 c1154-5 (Link to this contribution) I echo the comments by Members on both sides of the House in congratulating the hon. Member for Bour...
John Butterfill | 459 c1146 (Link to this contribution) I shall be brief. The deliberations in Committee were comprehensive—
David Winnick | 459 c1146 (Link to this contribution) Not moved. Order for Third Reading read.
Speaker | 459 c1146 (Link to this contribution) Order. We have a group of amendments before us.
John Butterfill | 459 c1146-7 (Link to this contribution) I beg to move, That the Bill be now read the Third time. The consideration in Committee was not par...
Baroness Kramer | 459 c1147 (Link to this contribution) Will the hon. Gentleman confirm that credit unions, which are mutual in character and crucial to cop...
John Butterfill | 459 c1147 (Link to this contribution) I cannot help the hon. Lady, because credit unions are not in the scope of the Bill. Their activitie...
Adrian Bailey | 459 c1147-8 (Link to this contribution) As chair of the all-party group on building societies and financial mutuals, I am pleased to see the...
Vincent Cable | 459 c1148-9 (Link to this contribution) I should like to say a few words in support of the Bill, of which I was one of the original sponsors...
Speaker | 459 c1149 (Link to this contribution) Order. I appreciate that the hon. Gentleman wished that he had been present on Second Reading, but w...
Vincent Cable | 459 c1149-50 (Link to this contribution) The specific point that I wished to make about the Bill was that, in order to monitor its progress a...
Speaker | 459 c1150 (Link to this contribution) Order. May I remind the hon. Gentleman again that whatever he would wish to have said on Second Read...
Vincent Cable | 459 c1150 (Link to this contribution) I fully accept and understand your ruling, Madam Deputy Speaker. I am not entirely sure what the dis...
Speaker | 459 c1150 (Link to this contribution) Order. I should perhaps have reminded the hon. Gentleman that on Third Reading we are discussing wha...
John Butterfill | 459 c1151 (Link to this contribution) I am not quite sure that I agree with the hon. Gentlemen. First, I do not think that there is a one-...

Subjects

Credit unions
Building societies
Insolvency
Insurance
Friendly societies
Mortgages
Mergers
Mutual societies

Legislation

Building Societies (Funding) and Mutual Societies (Transfers) Bill 2006-07
Financial Mutuals Arrangements Bill 2006-07

Link

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