AFM comments on new political report, Business with a Purpose
AFM Comments on new political report, Business With a Purpose
The latest report from the All-Party Group for Mutuals (“Business with a purpose”) demonstrates the massive contribution that mutuals make to the UK economy. The figure of £133.5 billion equates to over £2,000 per citizen per year. With one in three people now members of a mutual, compared to just 12% of the population holding direct investments in shares (according to a recent FCA consultation), the true source of wider corporate ownership today is the mutual sector. Despite this, policymakers tend to devote minimal time to understanding the value of mutuals, and to introducing proportionate legislation and regulation.
For the full report, go to: http://www.mutuo.coop/purpose-driven-businesses-top-130-billion-income-per-annum/