Former MP, Gloucester
Did my right hon. Friend see the reports at the weekend that 40,000 people took to the streets of Paris to protest against the rising tide of European unemployment? Can he explain to the House why the same thing has not happened here and what will be the quickest way of making it happen here?
The hon. Member for Birkenhead (Mr. Field) will have noticed that the Northern Rock building society, in formulating its conversion proposals, has made provision for the setting up of a charitable foundation, the purposes of which will be to meet exactly the good causes that are described in new clause 2. It is open to societies at the moment to meet the spirit of the new clause, although...
The hon. Gentleman will also have noticed that a formula not dissimilar to his is likely to be embraced by the Alliance and Leicester building society. Of the societies currently converting, the one that stands out as refusing to meet the spirit of new clause 2 is the Halifax building society.
Former MP for Gloucester
Entered the House of Commons on 11 June 1987 — General election
Left the House of Commons on 8 April 1997 — General election
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