Co-operative Party general secretary, Claire McCarthy, with Tom Watson MP, deputy leader of the Labour Party, at the Economy Conference

As the UK prepares to leave the European Union, the Co-operative Party has published a collection of essays on how to build “an economy for all”.

The pamphlet, In Our Interests: building an economy for all,  says co-operative values must be put into the DNA of the economy to promote growth and fairness.

It wants measures to boost the co-op sector, and covers topics such as employee ownership, profit sharing, co-operative development, the gig economy, consumer rights, tax avoidance and corporate governance reform.

Contributors include Labour’s deputy leader Tom Watson, think tank chief Marc Stears, Co-op Group chief executive Richard Pennycook and tax campaigner Richard Murphy.

The Party launched the pamphlet  with a conference in London on 28 January – the first event of its centenary year. Participants included Labour/Co-op MPs, business leaders, academics, trade unionists and think tanks.


The Party wants to see co-op values put into the DNA of a post-Brexit economy

“The Co-operative Party is clear that co-operative values can provide the foundations of the new consensus this country so desperately needs. They provide the template for an economy that delivers rewards more fairly; successfully seizes new opportunities and effectively supports our people through the inevitable changes ahead.”

Co-op principles – self-help, self responsibility, democracy, equity, equality, openness, social responsibility and care for others – could provide a roadmap for the future, he added. “We want to see a radical shift in power, a real change in who owns and in whose interests the British economy is run.”

Writing in the publication’s foreword, Party general secretary Claire McCarthy said: “Rebuilding our sense of national unity will require a revolution in who owns and in whose interests the British economy is run.

“The good news is that we don’t have to imagine an alternative – it’s already out there. Hundreds of thousands of co-operatives, with billions of pounds of assets, are showing that there is a better way of doing things. The essays in this collection draw inspiration from that movement to provide a radical vision for the future.”

Author: Anca Voinea

Anca focuses on international news – and with French, Spanish and Romanian languages under her belt, this is an important area of growth for the news. In addition to writing general news, Anca’s specialisms include politics and sport.

Source: http://www.thenews.coop/113199/news/co-operatives/co-operative-models-can-help-shape-post-brexit-uk-economy/