Many of these big banks took over our friendly societies, which were excellent self-help groups and were able to ensure that young couples got a mortgage. In fact, the friendly society legislation governed the trade union movement at one time. Will the Government look at the restoration of the friendly societies, which were gobbled up by these banks? There are far too many young couples out there who have to rent property when, like the rest of us, they would rather be in an owner-occupier situation.
Banking Reform
Proceeding contribution from
Lord Martin of Springburn
(Crossbench)
in the House of Lords on Monday, 4 February 2013.
It occurred during Ministerial statement on Banking Reform.
About this proceeding contribution
Reference
743 c35 Session
2012-13Chamber / Committee
House of Lords chamberSubjects
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2022-06-01 19:10:13 +0100
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