The Crewe branch of the Co-operative Bank. Photograph: Getty Images.
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The Co-operative needs to set a higher standard

An open letter to outgoing chief executive Euan Sutherland.

Dear Mr Sutherland,

Congratulations on your resignation! If you do the honourable thing and leave without taking a pay-off, you could save Co-operative members like myself £3.6m in your salary alone over night - an impressively efficient move. 

I know your chair said that your pay-out was what other "comparable companies" offer, but really, most people join the Co-op because it is not a comparable company. At a time when the British public have spent billions bailing out mainstream banks, we kind of wanted something... different?

I know you were also fuming with how your pay was leaked and by the public outrage that has followed - particularly from Co-op members and candidates like myself - but you of all people should know that members are supposed to participate and hold executives to higher standards. That again is kind of the point of being a Co-operative. Plus, we were victorious. It seems that, unlike other banks, members have actually succeeded in removing you when you tried to get paid millions without actually delivering any results. 

Yes, the Co-op needs reform. But our bank didn't fail because it didn't pay its top people enough - it failed because it wasn't co-operative and accountable enough. More transparency and power to members would have dislodged the appalling Mr Flowers long ago. A bigger Co-operative movement would allow a greater and more talented range of board members to choose from. Better worker representation as well as customer representation might help find alternatives to laying off 5,000 staff as in your plan. Similarly, if you'd asked us about boardroom pay in this upcoming survey of yours, and listened, we might not be in this pretty pickle. 

Right now, the Co-op bank - just like all banks and the rest of the country - has a choice. Are we going to carry on with business as usual, handing out huge cheques regardless of success until the next crash, or are we going to fundamentally reform our banking system? It's something George Osborne should think about in the Budget next week, but don't worry, he won't mention it. 

But Co-operators will. Because "The Co-op" is more than just a nice brand. Its a set of ideas and values. We believe in creating a robust and local banking system that is accountable to local people. We believe that participation and shared ownership, not big bonuses, is what leads to better banking. Co-operators work together to be radical, not make isolated decisions to preserve hierarchies between the elites and the rest. We believe it's a time for boldness, not swallowing what failed in 2008.

Of course if you don't believe any of this, then maybe the Co-op isn't for you anyway. But don't worry - sadly you'll still find plenty of banks where you'll fit right in. 

Sincerely,

Rowenna Davis 

Co-operative Labour Candidate for Southampton Itchen

Rowenna Davis is Labour PPC for Southampton Itchen and a councillor for Peckham

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Let's face it: supporting Spurs is basically a form of charity

Now, for my biggest donation yet . . .

I gazed in awe at the new stadium, the future home of Spurs, wondering where my treasures will go. It is going to be one of the architectural wonders of the modern world (football stadia division), yet at the same time it seems ancient, archaic, a Roman ruin, very much like an amphitheatre I once saw in Croatia. It’s at the stage in a new construction when you can see all the bones and none of the flesh, with huge tiers soaring up into the sky. You can’t tell if it’s going or coming, a past perfect ruin or a perfect future model.

It has been so annoying at White Hart Lane this past year or so, having to walk round walkways and under awnings and dodge fences and hoardings, losing all sense of direction. Millions of pounds were being poured into what appeared to be a hole in the ground. The new stadium will replace part of one end of the present one, which was built in 1898. It has been hard not to be unaware of what’s going on, continually asking ourselves, as we take our seats: did the earth move for you?

Now, at long last, you can see what will be there, when it emerges from the scaffolding in another year. Awesome, of course. And, har, har, it will hold more people than Arsenal’s new home by 1,000 (61,000, as opposed to the puny Emirates, with only 60,000). At each home game, I am thinking about the future, wondering how my treasures will fare: will they be happy there?

No, I don’t mean Harry Kane, Danny Rose and Kyle Walker – local as well as national treasures. Not many Prem teams these days can boast quite as many English persons in their ranks. I mean my treasures, stuff wot I have been collecting these past 50 years.

About ten years ago, I went to a shareholders’ meeting at White Hart Lane when the embryonic plans for the new stadium were being announced. I stood up when questions were called for and asked the chairman, Daniel Levy, about having a museum in the new stadium. I told him that Man United had made £1m the previous year from their museum. Surely Spurs should make room for one in the brave new mega-stadium – to show off our long and proud history, delight the fans and all those interested in football history and make a few bob.

He mumbled something – fluent enough, as he did go to Cambridge – but gave nothing away, like the PM caught at Prime Minister’s Questions with an unexpected question.

But now it is going to happen. The people who are designing the museum are coming from Manchester to look at my treasures. They asked for a list but I said, “No chance.” I must have 2,000 items of Spurs memorabilia. I could be dead by the time I finish listing them. They’ll have to see them, in the flesh, and then they’ll be free to take away whatever they might consider worth having in the new museum.

I’m awfully kind that way, partly because I have always looked on supporting Spurs as a form of charity. You don’t expect any reward. Nor could you expect a great deal of pleasure, these past few decades, and certainly not the other day at Liverpool when they were shite. But you do want to help them, poor things.

I have been downsizing since my wife died, and since we sold our Loweswater house, and I’m now clearing out some of my treasures. I’ve donated a very rare Wordsworth book to Dove Cottage, five letters from Beatrix Potter to the Armitt Library in Ambleside, and handwritten Beatles lyrics to the British Library. If Beckham and I don’t get a knighthood in the next honours list, I will be spitting.

My Spurs stuff includes programmes going back to 1910, plus recent stuff like the Opus book, that monster publication, about the size of a black cab. Limited editions cost £8,000 a copy in 2007. I got mine free, as I did the introduction and loaned them photographs. I will be glad to get rid of it. It’s blocking the light in my room.

Perhaps, depending on what they want, and they might take nothing, I will ask for a small pourboire in return. Two free tickets in the new stadium. For life. Or longer . . . 

Hunter Davies is a journalist, broadcaster and profilic author perhaps best known for writing about the Beatles. He is an ardent Tottenham fan and writes a regular column on football for the New Statesman.

This article first appeared in the 16 February 2017 issue of the New Statesman, The New Times