AFM Responds to Labour Party Manifesto Commitment to the Mutual and Co-operative Sector

13 June 2024

Responding to the publication of the Labour Party Manifesto today, Andrew Whyte, Chief Executive of the Association of Financial Mutuals said:

“The Labour Party’s manifesto commitment to double the size of the co-operative and mutual sector is a welcome recognition of the sector’s huge potential to contribute to a diverse, inclusive and growing economy.

“Over the last few months, together with our partners, the Association of British Credit Unions, the Building Societies Association, and Co-operatives UK, the Association of Financial Mutuals have been calling on all political parties to put mutuals and co-operatives at the heart of a future government’s economic policy and strategy.[1]

“With right policy and regulatory environment, the mutual and co-operative sector can be an engine for growth across the country and contribute even more to the economy, our communities and society as a whole. We look forward to working with whoever forms the next Government to achieve that aim.”

[1] The Purpose of Mutual and Co-operative Business in Society

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