Commercial and local authority landlords could benefit from urgently reviewing their legal options.
- 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 Cabinet Office has published guidance asking for people to act responsibly, fairly and “in the national interest”.
To help our charity clients look to the future, we summarise key guidance and updates over the last week.
On 18 May 2020, the Ministry of Housing Communities and Local Government (MHCLG) wrote to all social housing residents in England (residents).
For anyone who is currently restrained from holding their General Meeting or have held such in breach of their governing documents, help is on the way!
Social landlords may be surprised to learn that “landlords should be able to carry out routine as well as essential repairs for most households”.
Many housing providers are now re-thinking about gathering information to complete their data return to the Regulator of Social Housing, with the initial exercise having been delayed by Covid-19.
With many premises being left unoccupied (or minimally occupied) during the lockdown, both Public Health England and the Health and Safety Executive have warned of the increased risks of Legionella.
The Court of Appeal judgement in Booth and another v R  EWCA Crim 575 will be welcome news for local authority prosecutors and their investigation teams.
The Local Authorities and Police and Crime Panels (Coronavirus) (Flexibility of Local Authority and Police and Crime Panel Meetings) (England and Wales) Regulations 2020 came into force on 4 April.
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