Building Societies
Commons · Question 34531 · Tabled 27 Feb 2025 · Treasury · Official record
Answered 5 Mar 2025
Question
Asked by Freddie van Mierlo
To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure adequate (a) financial and (b) other support for communities with a building society but not a banking hub.
Answer
Answered by Emma Reynolds, 5 Mar 2025
The Government recognises the value that building societies bring to their members in local communities across the country, and the value of their 30% share of the UK’s branch network. However, I recognise that most building societies do not provide curre...