MUTUAL SECTOR

That this House welcomes the publication of The All Party Parliamentary Building Societies and Financial Mutuals Group Short Inquiry into financial mutuals and the Mutuo Report 'Mutuals and their Communities: how one in three enjoy the mutual advantage'; notes that both these reports demonstrate that mutuals are continuing to offer high quality services and good value to their members whilst maintaining their commitment to local communities; further notes that their presence in a mixed economy offers choice and competition; and calls upon Her Majesty's Treasury to take full account of the economic and social contribution of the mutual sector in its forthcoming Myners Report.