Government encourages employee-owned businesses
Posted: Tuesday 17 January 2012
The BBC recently reported that Deputy Prime Minister Nick Clegg has urged more companies to offer shares to their employees, saying it will improve productivity and unlock growth.
He told an audience in the City that the government planned to cut red tape, and reform the tax system to accommodate employee ownership. It is hoped the measures will create what he called a "John Lewis economy".
Austin Flynn, Morton Fraser's business law expert, commented: "Following my pre-Christmas blog, I'm delighted that Nick Clegg has recognised the value to the economy of employee-owned businesses. I'll await with interest the government's much-heralded reforms to cut red tape and reform the tax system to accommodate employee ownership, and once those reforms have been announced I'll update you via my blog."
If you would like to discuss employee-owned businesses further please contact Austin Flynn.
