§ 18. Mr. Weetch
asked the Chancellor of the Exchequer whether he is satisfied with the working of the Building Societies Act 1962; and whether he will make a statement.
§ Mr. Ridley
The present Act has generally served well for the last 20 years. The time may now be approaching when it might be desirable to have further legislation. But as my right hon. Friend the then Financial Secretary told the House in August 1980, we have no immediate plans for such legislation.