§ Mr. LoveTo ask the Chancellor of the Exchequer (1) what proposals he has to permit credit unions greater control over the definition of their common bond and to permit the merger of credit unions; and if he will make a statement; [35048]
744W(2) what consultations he has held with the Credit Union Movement regarding changes to the Credit Unions Act 1979; and if he will make a statement; [35050]
(3) what proposals he has to introduce a share protection plan for credit unions; and if he will make a statement; [35049]
(4) what consultations have been held with the Credit Union Movement regarding changes to the regulatory regime consequent on the creation of the Financial Services Authority; and if he will make a statement. [35051]
§ Mrs. LiddellI have met with the Association of British Credit Unions. The Government support fully the credit unions' ethos of self help and thrift, and the encouragement they give people to save. We are currently examining ways—including some of those which the hon. Member has raised—to promote further growth, whilst continuing the movement's current focus on poorer communities. We will announce our intentions once the deliberations are complete.