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FINANCIAL SERVICES COMPENSATION SCHEME LEVY ON BUILDING SOCIETIES

EDM (Early Day Motion) 426: tabled on 13 January 2009

Tabled in the 2008-09 session.

This motion has been signed by 174 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House notes the disproportionate impact on building societies of the Financial Services Compensation Scheme (FSCS) levy, resulting from the failure of Bradford and Bingley plc, the Icelandic banks and London Scottish Bank; recognises that building societies' share of the levy, approximately £200 million per annum in each of the next three years, is equivalent to about 15 per cent. of the sector's pre-tax profit for 2007-08 financial year ends; notes that building societies' share of the levy for years beyond 2011 is uncertain, but could well be higher than £200 million per annum; acknowledges that the impact on building societies contrasts starkly with the banking sector, where the FSCS levy is typically well below five per cent. of pre-tax profits over a similar accounting period; further notes that the current allocation of the FSCS levy works to the detriment of building societies' members, their savers and borrowers; acknowledges that no building society has ever made a call on the FSCS or its predecessor schemes; and calls on the Government to introduce a more equitable scheme for funding the insurance of deposits of failed banks.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Ainger, Nick
Labour
Signed on 9 February 2009
Carmarthen West and South Pembrokeshire
Alexander, Danny
Liberal Democrat
Signed on 22 January 2009
Inverness, Nairn, Badenoch and Strathspey
Amess, Mr David
Conservative
Signed on 22 January 2009
Southend West
Ancram, Mr Michael
Conservative
Signed on 23 February 2009
Devizes
Anderson, Mr David
Labour
Signed on 23 February 2009
Blaydon
Atkins, Charlotte
Labour
Signed on 15 January 2009
Staffordshire Moorlands
Atkinson, Mr Peter
Conservative
Signed on 22 January 2009
Hexham
Austin, John
Labour
Signed on 2 February 2009
Erith and Thamesmead
Bacon, Mr Richard
Conservative
Signed on 10 February 2009
South Norfolk
Bailey, Mr Adrian
Labour
Signed on 21 January 2009
West Bromwich West
Bayley, Hugh
Labour
Signed on 5 February 2009
City of York
Beith, Sir Alan
Liberal Democrat
Signed on 20 January 2009
Berwick-upon-Tweed
Betts, Mr Clive
Labour
Signed on 19 January 2009
Sheffield, Attercliffe
Binley, Mr Brian
Conservative
Signed on 5 February 2009
Northampton South
Borrow, Mr David S.
Labour
Signed on 15 January 2009
South Ribble
Bottomley, Sir Peter
Conservative
Signed on 13 January 2009
Worthing West
Brake, Tom
Liberal Democrat
Signed on 10 February 2009
Carshalton and Wallington
Brooke, Annette
Liberal Democrat
Signed on 26 January 2009
Mid Dorset and North Poole
Brown, Mr Russell
Labour
Signed on 1 April 2009
Dumfries and Galloway
Bruce, Malcolm
Liberal Democrat
Signed on 26 January 2009
Gordon
Burgon, Colin
Labour
Signed on 13 January 2009
Elmet
Burstow, Paul
Liberal Democrat
Signed on 20 April 2009
Sutton and Cheam
Butterfill, Sir John
Conservative
Signed on 15 January 2009
Bournemouth West
Cable, Dr Vincent
Liberal Democrat
Signed on 2 February 2009
Twickenham
Caborn, Mr Richard
Labour
Signed on 27 January 2009
Sheffield Central
Campbell, Mr Gregory
Democratic Unionist Party
Signed on 14 January 2009
East Londonderry
Campbell, Sir Menzies
Liberal Democrat
Signed on 29 January 2009
North East Fife
Campbell, Mr Ronnie
Labour
Signed on 14 January 2009
Blyth Valley
Caton, Mr Martin
Labour
Signed on 13 January 2009
Gower
Chaytor, Mr David
Labour
Signed on 19 January 2009
Bury North
Clapham, Mr Michael
Labour
Signed on 29 January 2009
Barnsley West and Penistone
Clark, Ms Katy
Labour
Signed on 4 February 2009
North Ayrshire and Arran
Clelland, Mr David
Labour
Signed on 9 February 2009
Tyne Bridge
Cohen, Harry
Labour
Signed on 1 April 2009
Leyton and Wanstead
Connarty, Michael
Labour
Signed on 28 January 2009
Linlithgow and East Falkirk
Cook, Frank
Labour
Signed on 23 February 2009
Stockton North
Corbyn, Jeremy
Labour
Signed on 14 January 2009
Islington North
Cousins, Jim
Labour
Signed on 22 January 2009
Newcastle upon Tyne Central
Crausby, Mr David
Labour
Signed on 9 February 2009
Bolton North East
Cunningham, Mr Jim
Labour
Signed on 26 January 2009
Coventry South
Davey, Mr Edward
Liberal Democrat
Signed on 15 January 2009
Kingston and Surbiton
Davidson, Mr Ian
Labour
Signed on 23 February 2009
Glasgow South West
Davies, Dai
Independent
Signed on 26 January 2009
Blaenau Gwent
Dean, Mrs Janet
Labour
Signed on 13 January 2009
Burton
Dismore, Mr Andrew
Labour
Signed on 14 January 2009
Hendon
Dobbin, Jim
Labour
Signed on 14 January 2009
Heywood and Middleton
Dobson, Frank
Labour
Signed on 26 January 2009
Holborn and St Pancras
Donaldson, Jeffrey M.
Democratic Unionist Party
Signed on 19 March 2009
Lagan Valley
Dowd, Jim
Labour
Signed on 5 February 2009
Lewisham West
Drew, Mr David
Labour
Signed on 15 January 2009
Stroud
Durkan, Mark
Social Democratic & Labour Party
Signed on 21 January 2009
Foyle
Etherington, Bill
Labour
Signed on 26 January 2009
Sunderland North
Farron, Tim
Liberal Democrat
Signed on 4 February 2009
Westmorland and Lonsdale
Flynn, Paul
Labour
Signed on 13 January 2009
Newport West
Foster, Mr Don
Liberal Democrat
Signed on 22 January 2009
Bath
Fraser, Christopher
Conservative
Signed on 24 February 2009
South West Norfolk
Gapes, Mike
Labour
Signed on 28 January 2009
Ilford South
George, Andrew
Liberal Democrat
Signed on 14 January 2009
St Ives
Gerrard, Mr Neil
Labour
Signed on 20 January 2009
Walthamstow
Gidley, Sandra
Liberal Democrat
Signed on 3 March 2009
Romsey
Godsiff, Mr Roger
Labour
Signed on 3 February 2009
Birmingham, Sparkbrook and Small Heath
Goldsworthy, Julia
Liberal Democrat
Signed on 25 June 2009
Falmouth and Camborne
Hamilton, Mr David
Labour
Signed on 22 January 2009
Midlothian
Hamilton, Fabian
Labour
Signed on 27 January 2009
Leeds North East
Hancock, Mr Mike
Liberal Democrat
Signed on 19 January 2009
Portsmouth South
Harvey, Nick
Liberal Democrat
Signed on 14 January 2009
North Devon
Havard, Mr Dai
Labour
Signed on 26 January 2009
Merthyr Tydfil and Rhymney
Hemming, John
Liberal Democrat
Signed on 15 January 2009
Birmingham, Yardley
Heyes, David
Labour
Signed on 2 February 2009
Ashton-under-Lyne
Hopkins, Kelvin
Labour
Signed on 13 January 2009
Luton North
Horwood, Mr Martin
Liberal Democrat
Signed on 22 January 2009
Cheltenham
Hosie, Stewart
Scottish National Party
Signed on 24 March 2009
Dundee East
Howarth, David
Liberal Democrat
Signed on 23 February 2009
Cambridge
Howarth, Mr George
Labour
Signed on 26 January 2009
Knowsley North and Sefton East
Hoyle, Mr Lindsay
Labour
Signed on 14 January 2009
Chorley
Humble, Mrs Joan
Labour
Signed on 20 January 2009
Blackpool North and Fleetwood
Iddon, Dr Brian
Labour
Signed on 21 January 2009
Bolton South East
Illsley, Mr Eric
Labour
Signed on 23 February 2009
Barnsley Central
Jackson, Glenda
Labour
Signed on 19 January 2009
Hampstead and Highgate
Jenkins, Mr Brian
Labour
Signed on 27 January 2009
Tamworth
Jones, Lynne
Labour
Signed on 14 January 2009
Birmingham, Selly Oak
Kaufman, Sir Gerald
Labour
Signed on 27 January 2009
Manchester, Gorton
Keeble, Ms Sally
Labour
Signed on 20 April 2009
Northampton North
Keetch, Mr Paul
Liberal Democrat
Signed on 26 February 2009
Hereford
Kennedy, Mr Charles
Liberal Democrat
Signed on 22 January 2009
Ross, Skye and Lochaber
Key, Robert
Conservative
Signed on 5 February 2009
Salisbury
Lamb, Norman
Liberal Democrat
Signed on 11 February 2009
North Norfolk
Laws, Mr David
Liberal Democrat
Signed on 25 February 2009
Yeovil
Laxton, Mr Bob
Labour
Signed on 11 March 2009
Derby North
Lazarowicz, Mark
Labour
Signed on 19 January 2009
Edinburgh North and Leith
Leech, Mr John
Liberal Democrat
Signed on 19 January 2009
Manchester, Withington
Leigh, Mr Edward
Conservative
Signed on 27 January 2009
Gainsborough
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 14 January 2009
Meirionnydd Nant Conwy
Maclean, David
Conservative
Signed on 9 February 2009
Penrith and The Border
Main, Anne
Conservative
Signed on 10 March 2009
St Albans
Martlew, Mr Eric
Labour
Signed on 25 February 2009
Carlisle
Mates, Mr Michael
Conservative
Signed on 25 February 2009
East Hampshire
McCartney, Sir Ian
Labour
Signed on 20 January 2009
Makerfield
McDonnell, John
Labour
Signed on 27 February 2009
Hayes and Harlington
Meacher, Mr Michael
Labour
Signed on 29 January 2009
Oldham West and Royton
Meale, Mr Alan
Labour
Signed on 14 January 2009
Mansfield
Michael, Alun
Labour
Signed on 15 January 2009
Cardiff South and Penarth
Moore, Mr Michael
Liberal Democrat
Signed on 22 April 2009
Berwickshire, Roxburgh and Selkirk
Morgan, Julie
Labour
Signed on 13 January 2009
Cardiff North
Moss, Mr Malcolm
Conservative
Signed on 26 January 2009
North East Cambridgeshire
Mulholland, Greg
Liberal Democrat
Signed on 24 February 2009
Leeds North West
Mullin, Mr Chris
Labour
Signed on 26 January 2009
Sunderland South
Murphy, Mr Denis
Labour
Signed on 23 February 2009
Wansbeck
Naysmith, Dr Doug
Labour
Signed on 27 February 2009
Bristol North West
Oaten, Mr Mark
Liberal Democrat
Signed on 25 February 2009
Winchester
Öpik, Lembit
Liberal Democrat
Signed on 4 March 2009
Montgomeryshire
Owen, Albert
Labour
Signed on 27 January 2009
Ynys Môn
Palmer, Dr Nick
Labour
Signed on 26 January 2009
Broxtowe
Pelling, Mr Andrew
Independent
Signed on 15 January 2009
Croydon Central
Plaskitt, Mr James
Labour
Signed on 14 January 2009
Warwick and Leamington
Prentice, Mr Gordon
Labour
Signed on 13 January 2009
Pendle
Price, Adam
Plaid Cymru
Signed on 23 February 2009
Carmarthen East and Dinefwr
Pritchard, Mark
Conservative
Signed on 23 February 2009
The Wrekin
Prosser, Gwyn
Labour
Signed on 26 January 2009
Dover
Pugh, Dr John
Liberal Democrat
Signed on 22 January 2009
Southport
Purchase, Mr Ken
Labour
Signed on 20 January 2009
Wolverhampton North East
Reed, Mr Andy
Labour
Signed on 5 March 2009
Loughborough
Rennie, Willie
Liberal Democrat
Signed on 27 January 2009
Dunfermline and West Fife
Riordan, Mrs Linda
Labour
Signed on 27 January 2009
Halifax
Robinson, Mr Geoffrey
Labour
Signed on 10 February 2009
Coventry North West
Rogerson, Dan
Liberal Democrat
Signed on 26 February 2009
North Cornwall
Rooney, Mr Terry
Labour
Signed on 14 January 2009
Bradford North
Rowen, Paul
Liberal Democrat
Signed on 26 January 2009
Rochdale
Ryan, Joan
Labour
Signed on 25 March 2009
Enfield North
Sanders, Mr Adrian
Liberal Democrat
Signed on 26 January 2009
Torbay
Short, Clare
Independent Labour
Signed on 19 January 2009
Birmingham, Ladywood
Simpson, Alan
Labour
Signed on 21 January 2009
Nottingham South
Skinner, Mr Dennis
Labour
Signed on 15 January 2009
Bolsover
Spink, Bob
Independent
Signed on 19 January 2009
Castle Point
Stewart, Ian
Labour
Signed on 28 January 2009
Eccles
Stuart, Mr Graham
Conservative
Signed on 11 February 2009
Beverley and Holderness
Stunell, Andrew
Liberal Democrat
Signed on 20 January 2009
Hazel Grove
Swinson, Jo
Liberal Democrat
Signed on 20 April 2009
East Dunbartonshire
Syms, Mr Robert
Conservative
Signed on 23 February 2009
Poole
Taylor, Ms Dari
Labour
Signed on 27 January 2009
Stockton South
Taylor, David
Labour
Signed on 14 January 2009
North West Leicestershire
Taylor, Dr Richard
Independent
Signed on 21 January 2009
Wyre Forest
Thornberry, Ms Emily
Labour
Signed on 12 March 2009
Islington South and Finsbury
Thurso, John
Liberal Democrat
Signed on 26 January 2009
Caithness, Sutherland and Easter Ross
Tipping, Paddy
Labour
Signed on 9 February 2009
Sherwood
Todd, Mr Mark
Labour
Signed on 15 January 2009
South Derbyshire
Touhig, Mr Don
Labour
Signed on 15 January 2009
Islwyn
Tredinnick, David
Conservative
Signed on 12 February 2009
Bosworth
Truswell, Mr Paul
Labour
Signed on 27 January 2009
Pudsey
Turner, Dr Desmond
Labour
Signed on 25 February 2009
Brighton, Kemptown
Vis, Dr Rudi
Labour
Signed on 22 January 2009
Finchley and Golders Green
Walley, Joan
Labour
Signed on 28 January 2009
Stoke-on-Trent North
Walter, Mr Robert
Conservative
Signed on 3 February 2009
North Dorset
Wareing, Mr Robert N.
Independent
Signed on 14 January 2009
Liverpool, West Derby
Webb, Prof Steve
Liberal Democrat
Signed on 2 February 2009
Northavon
Widdecombe, Miss Ann
Conservative
Signed on 23 February 2009
Maidstone and The Weald
Williams, Mrs Betty
Labour
Signed on 13 January 2009
Conwy
Williams, Mark
Liberal Democrat
Signed on 22 January 2009
Ceredigion
Williams, Mr Roger
Liberal Democrat
Signed on 26 January 2009
Brecon and Radnorshire
Williams, Stephen
Liberal Democrat
Signed on 22 April 2009
Bristol West
Willis, Mr Phil
Liberal Democrat
Signed on 22 January 2009
Harrogate and Knaresborough
Willott, Jenny
Liberal Democrat
Signed on 22 January 2009
Cardiff Central
Winterton, Sir Nicholas
Conservative
Signed on 14 January 2009
Macclesfield
Wood, Mike
Labour
Signed on 29 January 2009
Batley and Spen
Wright, Dr Tony
Labour
Signed on 22 January 2009
Cannock Chase

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.