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Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"I beg to move amendment 1, in clause 1, page 2, line 2, at end insert—

“(ba) provide for the case mentioned in subsection (2)(a) to be subject to such exceptions as may be prescribed;”.

This Amendment would enable the Treasury to make provision in the regulations about exceptions to …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"Good morning, Mr Mundell. It is a pleasure to serve under your chairmanship. I am grateful to you and to Committee members for joining me to look at the detail of the Bill.

Co-operatives, mutual insurers and friendly societies have an important part to play in the biodiversity of our …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"Yes, I totally agree. The Bill is consistent with the levelling-up agenda. It is meant to ensure that the assets remain in place for the purposes for which the asset base was originally intended.

Let me set out the detail of the clauses and the amendments. Amendment 1 addresses an …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"I thank the hon. Member for his contribution and for the part he played in my getting this far with the Bill. I hope the Minister will indicate what moves are afoot and what progress will be made in that direction...."
Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"I thank the hon. Member for his intervention. A lot depends on how it is framed at the start when the mutual or co-operative decides to register. Remember that this is an opt-in; therefore, any conditions upon the dissolution of the company will depend very much on its registration and …..."
Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"I concur totally with my hon. Friend.

Let me close by thanking you, Mr Mundell, and by thanking my colleagues for their contributions and for being present to support the Bill. I also thank everyone who has worked so hard to make it a success, including Peter Hunt and Mutuo, …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Public Bill Committees - Wed 30 Nov 2022
Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

"I am grateful for the co-operation that the Government have shown on the Bill through successive Ministers over the past four or five months. I am encouraged to hear about the co-operation of the Law Commission and the moves to be made to involve it in a review of the …..."
Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill (First sitting)

Speech in Commons Chamber - Fri 28 Oct 2022
Co-operatives, Mutuals and Friendly Societies Bill

"I beg to move, That the Bill be now read a Second time.

May I begin by thanking the former Minister, the hon. Member for North East Bedfordshire (Richard Fuller), who is in the Chamber, for his time and effort— I am also grateful to civil servants for their time …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill

Speech in Commons Chamber - Fri 28 Oct 2022
Co-operatives, Mutuals and Friendly Societies Bill

"I agree and commend the hon. Gentleman for his comments. Co-operatives spring up from local communities; they are bottom-up, grassroots organisations—certainly not top-down.

As I said, alongside investor-owned firms, co-operatives, mutual insurers and friendly societies have an important part to play in the biodiversity of our economy. They need a …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill

Speech in Commons Chamber - Fri 28 Oct 2022
Co-operatives, Mutuals and Friendly Societies Bill

"I thank the hon. Member for his intervention. Actually, I will come to that later in my speech.

Provided that the relevant formal procedures are completed, including securing consent from a statutory minimum threshold of members, a demutualisation cannot be stopped. That threshold has been changed from time to time …..."

Mark Hendrick - View Speech

View all Mark Hendrick (LAB - Preston) contributions to the debate on: Co-operatives, Mutuals and Friendly Societies Bill