The Chancellor, Rt Hon Rachel Reeves MP, will today announce the formation of a new mutual council made up of some of Britain’s biggest customer and member-owned firms.
Under the leadership of the UK’s three largest mutuals, the Co-operative Group, Nationwide Building Society and Royal London, the new Business Council will co-ordinate the relationship with Government to help deliver the ambition to double the size of the sector.
Mutuo has long advocated for a more joined up approach from the sector and this will build on the efforts of the Building Societies Association, Association of Financial Mutuals, Co-operatives UK and Association of British Credit Unions to work together to increase the impact of co-ops and mutuals.
We look forward to working with colleagues and Government to take full advantage of this once in a lifetime opportunity.