• A bigger role for customer owned business (building societies, credit unions, co-operatives and mutual insurers) to increase corporate diversity and customer choice;
  • More employee ownership to share the rewards of work; and
  • A partnership between government and the public to increase investment in growing the economy

Published today, the Mutuals Manifesto makes 44 policy recommendations for increasing the contribution of mutual business to growth, prosperity and fairness.

The report, sponsored by Anthony Collins Solicitors, proposes a greater role for customer and employee owned businesses that contribute to managing risk, promote consumer choice and spread wealth more evenly.

It looks at how mutually owned business can play its full part in Britain's future. From being the birthplace of this idea, the UK now lags behind most of our global competitors, where mutuals play a greater role in financial services, business growth and public service provision.

Key recommendations in the manifesto include:

  • Reform of mutual banking to increase market share
  • Legislation to prevent future demutualisations
  • New ‘One Nation Savings Bonds’ to allow citizens to invest in infrastructure
  • Boosting employee ownership, including making employee bonuses portable between employers
  • An overhaul of legislation and government policy affecting mutuals

Mutuo Managing Partner Peter Hunt said,

‘All of our major economic competitors, from the U.S. through the European Union to East Asia, make better use of mutually owned business to drive economic growth and spread wealth.  We know that greater diversity of business types will help to protect our economy from damaging shocks such as the financial crisis, yet the UK still remains fixated on a plc mono-culture.

Where business operates in the interests of customers and employees, it deserves the support of politicians.

There is a positive role for the next Government in ensuring that mutuals can play their full part in our economy and society. This Manifesto provides a roadmap for helping to make this a reality.'

Download the report here: [media type="link" id=548]

The spread of necrotising fasciitis
The spread of necrotising fasciitis

Necrotising Fasciitis, more commonly known as the ‘flesh-eating disease’, is a significant medical condition that requires urgent treatment.

Richard Handley Inquest
Richard Handley Inquest

Many of us who have been following the unfolding Inquest, are not surprised that the Coroner found gross and significant failures on the part of those caring for him.

Recovery of fire safety costs from leaseholders
Recovery of fire safety costs from leaseholders

In all the action to remove defective cladding, leaseholders have been the elephant in the room. Whilst social landlords might have adopted a wait and see approach private landlords do not have that luxury.

Transforming Business
Transforming Business

We welcome the Labour Party’s commitment to doubling the size of the co-operative economy. We wholeheartedly support the ambition to grow this vitally important part of the economy.

Converting to a Charitable Incorporated Organisation
Converting to a Charitable Incorporated Organisation

It was first referred to in the Charities Act 2006 (which was subsequently replaced by the Charities Act 2011) but it has finally been announced that charitable companies are able to convert to a charitable incorporated organisation (“CIO”).

Impact of Homes (Fitness for Human Habitation) Bill
Impact of Homes (Fitness for Human Habitation) Bill

The Private Members Bill Homes (Fitness for Human Habitation and Liability for Housing Standards) Bill 2017-19 now has Government support and was debated at second reading on Friday 19 January 2018.