§ Mr. Croninasked the Chancellor of the Exchequer if he will now introduce legislation to induce building societies to cut the rates charged on home loans, having regard to the present high level of the societies' cash reserves, the recent cut in corporation tax, the recent reduction in their outgoings on selective employment tax and the recent agreement by the Treasury to cut their composite income tax rate liability.
§ Mr. Patrick JenkinI would refer the hon. Member to the Answer I gave earlier today to the hon. Members for Newcastle-under-Lyme (Mr. Golding) and Bebington (Mr. Cockeram).