Campaign Update 1 November
The campaign is gathering momentum. We have aims that are easy to communicate: stay ethical and return to mutual. We are clear what we are saying to fellow Co-operative Bank customers - please don't switch yet, we are much stronger if we stick together. People are signing up much faster than we thought they would at this stage of the campaign.
Now we have published our Ethical Policy Declaration - backed by some of the UK's best-known charities and campaigning organisations. This is an important campaigning tool because it matters to so many people, including many of those organisations' millions of supporters. The Co-op bank led the world, not just with its ethical policies, but with the mechanisms it created to deliver the policy. People are very worried that this will not be sustained.
We believe that the best way to ensure that the ethical policies are maintained is to return the bank to mutual control and ownership. Many of us also feel that it will need to have a new emphasis on member democracy. How that might be possible will very much depend on the details that are being discussed between the Co-op and the hedge funds right now. There is likely to be an announcement on Monday (4th November). We are confident that the fact that we are organised is having an impact on those negotiations - that's why all our effort has been on getting people to sign up. Now we are asking supporters for their views on what should be the next focus. You can add your voice to this by completing the short survey here.
Meanwhile, please help us spread the campaign. If you are a social media user, please spread the message in posts and tweets. If you haven't already, please follow @saveourbank, 'like' our Facebook page and share with your friends and followers.