The UK's Labour Party swept to victory in last week's election, winning an outright majority and forming a government with the help of smaller parties, the AP reports.
The Conservative Party came in second with 39 seats, while the Liberal Democrats had just two.
The Labour Party had been in government for 10 years under Prime Minister David Cameron, but it was defeated by the left-wing Labour Party, which won more than 60% of the popular vote.
The Labour Party has 43 MPs, the most of any party in the 650-seat House of Commons.
In a sign of its support for the co-op and social economy, the Labour Party has promised to double the size of the co-op and mutual sector, which includes co-operative retailers and wholesalers, agriculture and dairy co-ops, health and wellbeing social enterprises, and representatives of community business, community energy, co-operative housing, and worker co-op movements, the Guardian reports.
"We are eager to work in partnership with your government to achieve this ambition, supporting new cooperatives to form and existing ones to thrive," 20 co-op leaders wrote in a letter to Cameron.
"In doing so we can make a significant contribution to inclusive growth, economic security, and net zero, everywhere
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