Building Societies (Investment)

HC Deb 14 July 1976 vol 915 c225W

Mr. Madel

asked the Chancellor of the Exchequer how much money building societies have now invested in Government stocks and bonds and with local authorities.

Mr. Denzil Davies

At the end of March 1976 building societies held £2,152 million worth of British Government securities, £1,756 million worth of local authority long-term debt and £630 million worth of local authority short-term debt.