Josh Newbury

It is a pleasure to serve under your chairship, Mr Turner. I congratulate my hon. Friend the Member for Oldham West, Chadderton and Royton (Jim McMahon) on securing this important debate and his impassioned opening speech. I can think of no greater or better-informed champion of our co-operative sector. Although he is a huge loss to the Front Bench, he is our gain in this debate. I associate myself with the remarks about the incredible work of the Co-operative party, of which I have been a proud member since the age of 18, and Co-operatives UK. The co-operative and mutuals sector is one of the UK’s quiet success stories, with an economic contribution seven times greater than its share of the business population. It is not a sector that is standing still. The number of employee-owned businesses has trebled in five years, and the number of community-owned pubs has grown by 51% in the same period, bucking wider high street trends. Why does that matter? Because co-operatives are more resilient, more likely to pay the minimum wage and simply more inclusive. In my constituency of Cannock Chase and across the country, we see that in community energy groups, credit unions, housing co-ops and the pub that stays open because the community refused to let it call last orders for the final time. Co-ops root wealth locally and give people genuine power over the things that shape their lives. In my patch, for example, 10 years ago, under a Labour and Co-operative council, Chase Community Solar partnered with Cannock Chase district council to install solar panels on 314 council-owned bungalows, cutting the bills of tenants by between one third and a half. Five years later, after becoming a Labour and Co-operative councillor, I was proud to be one of the cabinet members who signed off on an investment that enabled a further collaboration with Chase Community Solar, that time alongside the charity Beat the Cold, to install batteries to make even more clean energy and cut bills even further.