Trustee deposits and society funding

Summary

Mr. Burke asked whether Government decisions allowing trustee deposits up to £30,000 had drastically reduced building societies’ fund inflows; the Minister disagreed.

Ray Burke Mr. R. Burke Fianna Fáil

Taking into consideration the inflow of funds to the societies for last month does the Minister accept that the decisions made by the Government concerning trustee deposit sums of up to £30,000 have drastically affected the inflow of funds to the societies?

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Dick Spring Mr. Spring Labour Party

I do not accept that.

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