Stella Creasy MP has tabled an amendment to the Financial Services Bill, aimed at making it easier to establish a mutual bank in the UK.
Mutuals can aid 'levelling up'
Co-operatives UK strongly urges government to accept this amendment, because local mutual banks can help achieve its policies of ‘levelling up’ and building back greener, stronger and fairer from Covid-19.
Follow the debate
The Financial Services Bill Committee in Parliament will debate Stella Creasy MP's amendment on Thursday 3 December 2020. Read our policy blog outlining the existing legislation and why this should be changed.