Worsfold's Wisdom: Labour rediscovers an appetite for mutuality, co-operatives and a People's Bank

David Worsfold detects a change of mood within the government

clock

Mutuality is back on the political agenda - at least that is what my initial reading of Labour's election manifesto suggests could happen if they win the election.

Of course, whether it is noticed depends on how the other parties respond to this theme. Most likely it will be submerged by the battles over issues that are more likely to obsess the mainstream media like tax cuts, health, education, crime and immigration. There has already been some media comment over the suggestion - and it is only that - that Northern Rock could be returned to its former mutual status when the government divests itself of the failed bank: "As one option for the disposal of Northern Rock, we will encourage a mutual solution, while ensuring that the sale generates t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

London's millionaire exodus: Advisers will 'undeniably' see wealthy clients move abroad

Labour's budget ‘main reason' for latest UK exits

Isabel Baxter
clock 17 April 2025 • 6 min read
UK inflation drops to 2.6% in March amid warnings of further price rises

UK inflation drops to 2.6% in March amid warnings of further price rises

Down two percentage points

Sorin Dojan
clock 16 April 2025 • 2 min read
Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

‘Hyper-personalisation and fintech disruptors are reshaping financial advice’

Sneha Shah
clock 15 April 2025 • 3 min read