Mutuality Versus Banking – which to prefer?

In this article the City Editor of the FT, no less, says that Labour is right “Britain’s private utility model is broken.” Here is a riddle that is not so difficult to unpick. Between their privatisation in 1989 and last year, English water companies were permitted by their regulator to generate operating cash flows totalling… Read more

Diversity is Key

I’ve for some time been trying to advocate much greater diversity in the UK economy and I’ve often linked to this research, which suggests that economically diverse countries are more prosperous. To quote directly: inequality lives within a range of values that are determined by your underlying industrial structure. Which, being translated, means that if… Read more

The Co-operative Bank is not Co-operative at all, but real Co-operative Banking is now possible in the UK

It is a fact not universally acknowledged that the Co-op Bank never has been itself a Co-op. It was a bank originally owned by the CRS as a way of providing economical banking for their own retail operations. This was a surprise discovery made after attending a recent lecture by Tony Greenham who looks after… Read more

Why are there so few Credit Unions in Britain?

Credit Unions are non profit organisations run by members for members, which are part of the co-operative movement and run for mutual benefit. They are very much to be encouraged and indeed their promotion is certainly part of the Progressive Pulse vision. However British credit unions have strikingly failed to become widely established despite strong… Read more