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Co-operatives outpace the growth of British economy in 2012

Co-operatives have out-grown the British economy by more than ten times in 2012, according to figures released by Co-operatives UK.

The trade body for co-operatives said that in 2012 the turnover of the co-operative economy rose by 3.3 per cent on 2011’s results to £36.7 billion. In comparison, the gross domestic product for Britain in 2012 only grew by 0.3 per cent. Since the start of the recession in 2008, the co-operative sector has grown by more than 20 per cent.

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