As announced with the 2013 budget, the British government has recently launched a national consultation on its plan to provide £50 million annually from 2014-15 to support the development of fiduciary funds of employees owning shares in their company. This consultation aims to determine who will receive these subsidies. For the government, the advantageous tax system should only be for businesses controlled by employees (50 percent of voting rights). (Ref. 130464)
Boost a governance model that has proved effective. The government’s action is an answer to the ambitious Nuttall report of July 2012, aiming to stimulate employee ownership as a corporate governance method leading to growth. The report points out that businesses where there is a significant number of employee shareholders take economic shocks better because of higher productivity and profitability, show better economic resilience, greater diversity and a more long-term commitment from the st
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