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Building Societies (Price Fixing)

Volume 982: debated on Monday 31 March 1980

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asked the Secretary of State for Trade whether he will refer the common price fixing agreements of building societies to the Monopolies Commission.

No. References to the Monopolies and Mergers Commission are normally made by the Director General of Fair Trading. I understand that he has no current plans to make a reference of the building societies' agreement on interest rates.