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Proposals to encourage employee-ownership announced

November 6th 2012 CfE_admin -

A range of measures to encourage more businesses to become employee-owned have been announced by the Government. The measures, which are based on recommendations made in the Nuttall review of the sector, include publishing guidance on tax issues for employee-ownership and developing an ‘off the shelf’ model for setting up an employee-owned firm.

Deputy Prime Minister Nick Clegg said: “Businesses that are owned by their employees produce more, grow faster, keep their workforce happier, and pay staff more fairly.” A consultation on these proposals closes on 16 November.

There is more on the proposals at:
http://news.bis.gov.uk/Press-Releases/Action-to-boost-employee-ownership-sector-approved-68273.aspx

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