Author Archives: admin

The Co-op Bank rescue plan

Earlier this month Save our Bank updated its 10,000 supporters – 1,500 of whom have become members of the Customer Union for Ethical Banking: At the end of June the Co-op Bank announced that it had reached agreement on a capital raising … Continue reading

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Shadow Chancellor: Co-operative Ways Forward conference

“Co-operatives should, I believe, play an essential part in the economy of the future”  Edited extracts, added information and links (full text here). John McDonnell pointed out that wealth is more concentrated now than it has been for a century … Continue reading

Posted in Banking, Co-operative movement, Democratic participation, Employee buyouts, Employee ownership, Worker co-operatives | Tagged , , , , , | Leave a comment

Locally based, small-scale social care co-operatives

Last year the subject of social care and the way forward offered by the co-operative model was considered in this column: “The care system is in urgent need of reform. Private companies profiteer, whilst older people, (and all) who rely … Continue reading

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News received about East of England and Midcounties co-operatives

In a recent post we quoted MEP Molly Scott Cato: “The Co-operative shops have not been as successful in(sourcing locally) as I would like because of their centralised distribution system, but my own Midcounties Co-op has been building up its … Continue reading

Posted in Co-operative Group, Co-operative movement, Co-operative News, Co-operatives UK, Environment, Ethics | Tagged , , , , , , , , | Leave a comment

Co-operative Bank update

As Paul Gosling writes in the May 17 issue of Co-operative News (hard copy only), the Co-operative Bank’s customer numbers and deposits have held up ’amazingly well’ and interest is reported in several parts of the business. One account holder speaks for … Continue reading

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Could this MEP’s co-operative vision mitigate one of the Group’s most serious mistakes: the sale of its farms?

In 2014 the Co-operative Group sold its ‘strong and successful’16,000ha farms (£7m profit during the last year) for a mere £249m to the Wellcome Trust. Danny Truell, chief investment officer of the trust said, “The trust’s philosophy is to provide … Continue reading

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