Building Societies (Deposits)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 27th June 1985.

Alert me about debates like this

Photo of Mr Harry Greenway Mr Harry Greenway , Ealing North 12:00 am, 27th June 1985

I welcome the abolition of the ceiling on the amount that depositors can invest in building societies. What effect has this had on the level of deposits? Will it lead in due course to a reduction in interest rates for mortgagees? Does my hon. Friend have any other plans for different roles for building societies?