UK mutuals generate more than £130bn income annually

Cooperative and mutual businesses account for around £133.5bn of income annually in the UK - and touch the lives of one in three people - a new report published by the All-Party Parliamentary Group for Mutuals has revealed. The Mutual Economy Report shows that friendly societies and mutual insurers generate £19.6bn a year, the fourth highest amount out of the various types of mutual sub-sectors that exist, with NHS foundation trusts making the most amount of income (£52bn) and cooperatives ranking second (£36.1bn). Housing associations contribute the third highest amount of income to the...