I could not agree more. These organisations belong to the people who benefit from them and run them for each other. When I am with my children on the 349 bus in Hackney, I point out to them that the people working on the bus own the company that runs it, Hackney Community Transport, and that we can therefore expect a better service. The company is owned and run by its employees for its passengers. That thread runs through every aspect of the mutual sector. When I was much younger, we saw the effect of carpetbagging and the loss of many building societies. I remember regretting that we were losing that crucial membership because people were selling their long-term benefit for a short-term gain.
Financial Mutuals Arrangements Bill
Proceeding contribution from
Meg Hillier
(Labour)
in the House of Commons on Friday, 23 March 2007.
It occurred during Debate on bills on Financial Mutuals Arrangements Bill.
Type
Proceeding contribution
Reference
458 c1074 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-15 11:27:08 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_387741
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_387741
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_387741