Gareth, who is the chair of the Coop Party, has highlighted what the proposals made in the Coop parties Ownership Matters report would mean for the economy.

The proposals would “ensure a mixed economy with sensible regulation of private business accompanied by the ownership of strategic assets such as transmission wires. It allows for businesses still to run key parts of the industries, but co-operative, mutual and municipal enterprises will have a greater prominence and the environment in which to thrive.

These reforms put the public back in control of services that are fundamental to the quality of all our lives. They would help to keep more of the wealth their utilities generate in local lands without inhibiting shrewd and efficient management of what, after all, are vital natural national assets. The contrast between the failed privatisation model of Thames Water and the not-for-profit model operated by Glas Cymru could not be clearer.

For over a century, the Co-operative Party has championed accountable collective ownership and economic democracy. Our vision for the water, rail and energy sectors are radical and practical. They will achieve the maximum benefits from public ownership by putting the public centre stage.”

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