Resource

Harnessing Mutuality

Downloads

harnessing_mutuality.pdf PDF, 792.96 KB
Type: Co-operatives UK documents  |  Topic: About co-operatives  |  Format: Documents and policies

In 2019  representatives of mutuals in the UK (building societies; co-operatives; credit unions; mutual insurers) worked together and with HM Treasury to identify common barriers to their way of business, and policy solutions that would effectively overcome them.

At a Mutuals’ Workshop hosted by HM Treasury in July 2019, mutuals representatives and civil servants identified practical policy solutions relating to the corporate framework, capital raising, mutuality and deprivation and tax. At the request of HM Treasury the focus was mainly, but not exclusively, on non-legislative solutions. 

This paper firstly sets out four policy solutions that we consider it would be most immediately practicable and impactful for government to take forward.