In the Tory hothouse of Birmingham, this has to be the most delicate flower which has bloomed so far. Politicshome.com reports:
Employees could be able to buy shares in the companies they work for if they give up their employment rights, George Osborne has said.
In a speech to the Conservative party conference the Chancellor announced a consultation on the plan, which could also see the shares being immune to capital gains tax.
“Workers: replace your old rights of unfair dismissal and redundancy with new rights of ownership.And what will the Government do? We’ll charge no capital gains tax at all on the profit you make on your shares. Zero percent capital gains tax for these new employee-owners. Get shares and become owners of the company you work for.
“Owners, workers, and the taxman, all in it together. Workers of the world unite.”
Mr Osborne said the plan, which would be voluntary for employees and firms, was “a radical change to employment law”.
So, never mind the fact that you could lose your job with no rights of redress. You would have spent lots of money buying shares and then you can have those to provide comfort when you’re unemployed.
A quite brilliant wheeze, Gideon. Don’t bother to start arranging the Canadian Mounted Police to deal with the crowd assembling to take you up on this offer just yet…..
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