Osborne proposes radical employment rights scheme in Britain

Britain’s Chancellor of the Exchequer George Osborne said staff at small companies will be given the chance to give up employment rights for tax exempt shares in their firms.

8th October, 2012
Osborne proposes radical employment rights scheme in Britain
"Workers of the world unite,” said Britain’s Chancellor of the Exchequer George Osborne.

Britain’s Chancellor of the Exchequer George Osborne said staff at small and medium-sized companies will be given the chance to give up their employment rights in exchange for shares in their firms, which will be exempt from tax.

“Zero per cent capital gains tax for these new employee-owners,” Osborne told his Conservative Party’s annual conference in Birmingham today. “Get shares and become owners of the company you work for. Owners, workers, and the...

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