Mps Back Financial Mutuals Bill

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A Parliamentary Bill which would affect building society funding limits and the rights of investors was backed by MPs today. The Bill also proposes to make it easier for different types of financial mutuals to merge.
The legislation was proposed by Sir John Butterfill MP, who has been a long-standing supporter of the mutual sector. Sir John came seventh in the ballot for back bench MPs to propose a Private Member’s Bill. This can be on any subject of the MP’s choosing.
Speaking about the Bill, Sir John said;

http://www.bsa.org.uk/mediacentre/finmutualbill.htm