Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will publish the Law Commission’s proposals on reforming cooperative law.

The government is keen to ensure that the law governing co-operatives and community benefit societies is clear and supports their growth. That is why we are funding the Law Commission’s independent review of the Co-operative and Community Benefit Societies Act 2014.

The Law Commission’s independent review is considering ways to update and modernise the legislation for co-operatives and community benefit societies, ensuring that it fits the nature and needs of these societies as well as ensuring that regulation is proportionate and effective.

The Law Commission will publish its final recommendations in a report and draft bill. These are expected to be published before the end of 2025. The government will then carefully consider the Law Commission’s recommendations to understand whether reform of the legislation is needed to ensure these businesses are supported to grow and succeed into the future.