Northern Rock should be Remutualised

On Thursday in the House of Commons my colleague Gareth Thomas, a Labour and Co-operative MP secured a debate on the remutualisation of Northern Rock. Many of the problems in the financial sector stem from the demutualisation of Building Societies such as Northern Rock. I think that putting customers at the heart of the focus of these institutions would be preferable rather than putting the focus on chasing profits for shareholders. You can read a report of the debate here, and sign up to the Co-operative Party's The Feelings Mutual campaign here.