'Since its conference opened in Liverpool on Sunday, Labour has already announced plans for worker representation on company boards....
Under Labour's "inclusive ownership fund" proposal, Mr McDonnell said workers would be given a financial stake in their employers and more say over how companies are run.
Firms would have to put 1% of their shares into the fund every year up to a maximum of 10%.
The amount of share capital available to workers would be capped at £500, with the rest - estimated at £2.1bn a year by the end of a five-year Parliamentary term - going into a fund to pay for public services and welfare.
'Broadening of ownership'
The scheme would apply to companies with more than 250 workers, although smaller firms could set up inclusive ownership funds if they wanted to.'
https://www.bbc.co.uk/news/uk-politics-45621361
How do people think this will affect us?
We have more than 250 workers so I wonder what say they will have over how SUFC is run....
Under Labour's "inclusive ownership fund" proposal, Mr McDonnell said workers would be given a financial stake in their employers and more say over how companies are run.
Firms would have to put 1% of their shares into the fund every year up to a maximum of 10%.
The amount of share capital available to workers would be capped at £500, with the rest - estimated at £2.1bn a year by the end of a five-year Parliamentary term - going into a fund to pay for public services and welfare.
'Broadening of ownership'
The scheme would apply to companies with more than 250 workers, although smaller firms could set up inclusive ownership funds if they wanted to.'
https://www.bbc.co.uk/news/uk-politics-45621361
How do people think this will affect us?
We have more than 250 workers so I wonder what say they will have over how SUFC is run....