Tag Archives: Northern Rock

Co-operative and mutuals membership up 25% since credit crunch – now close to 10m

By David Bicknell

The Co-operative sector has grown by more than 25% since the credit crunch, with membership of co-operatives now close to 10m. Turnover in 2o10 was over £16bn, according to a report in the Observer.

The article says that the annual report from Co-operatives UK, to be published this week, will show that as well as  big players such as the John Lewis Partnership and the Co-operative Group performing strongly, a thriving new generation of smaller, grassroots organisations has sprung up.

The report also refers to efforts by some MPs to persuade Chancellor George Osborne to consider a mutual model for bailed-out bank Northern Rock, which Osborne is expected to put up for sale before the end of the year.

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