BSA welcomes Government's financial support package

"We welcome today's announcement from HMT that all building societies are fully eligible - if they wish - for the package of financial support.

"Societies have strong balance sheets, are well capitalised, have high levels of liquidity and have experienced record savings inflows over the past year, but it is good that societies are not excluded from this package.

Societies' inclusion will give them maximum flexibility to react to the extraordinary events now occurring in the markets."