The Employee Share Ownership Centre
Extract from newspad May 2013
George Osborne salvaged his political reputation when the government managed – at the third time of asking – to get his ‘Shares For Rights’ plan reinstated by the House of Lords into the Growth & Infrastructure Bill, but only after further major concessions.
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A record number of delegates attended this year’s ESOP Centre share schemes seminar in association with the Jersey branch of Society of Trust & Estate Practitioners (STEP), which took place at the Royal Yacht Hotel, Jersey, on April 19.
During his introduction, ESOP Centre chairman, Malcolm Hurlston CBE, paid tribute to Margaret Thatcher, who had [...]
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An extract from newspad April 2013:
Deputy Prime Minister Nick Clegg has proposed tax breaks on bonuses handed out to staff in employee-owned firms. In a speech at the Law Society, the deputy prime minister outlined plans to consult this summer on “A relief on tax on bonuses paid through benefit trusts, where a significant chunk [...]
Continue Reading →Extract from newspad April 2013:
The House of Lords delivered a hammer blow to Chancellor George Osborne’s controversial ‘Shares for Rights’ scheme by voting it down. By a solid majority of 232 votes to 178, their Lordships voted to remove it from the Government’s Growth & Infrastructure Bill.
The vote, which came almost immediately [...]
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The ESOP Institute has launched a new qualification in employee share ownership – the ESOP Certificate.
The on-line course covers the most important aspects of employee share ownership in a single e-learning module. The Certificate has three main sections: overview of employee ownership; technical essentials (legal, tax and accounting); and the business case for employee share ownership [...]
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On December 4 the Department for Business, Innovation and Skills published its response to the consultation on implementing employee owner contracts. While the scheme seems to have received little support from the respondents, the Government appears determined to push ahead with its implementation.
Under the scheme, which is to be renamed the employee shareholder contract, [...]
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The ESOP Centre urged the government to consult widely with experts to ensure the detail of the new employee-owner contracts was properly thought through. The scheme, though widely criticised (see here), has some merit if it delivers capital wealth to employees where no other [...]
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From Newspad, November 2012
A storm of controversy greeted Chancellor George Osborne after he announced a proposed radical change in employment law, designed to increase broad-based employee share ownership, especially in SME companies.
The Chancellor chose the Tory annual conference as his platform for [...]
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At the Liberal Democrat annual September conference delegates voted for employee share ownership to become part of their official party policy, by overwhelmingly approving a motion demanding a big increase in the number of UK employees who benefit from employee share schemes.
The ESOP Centre is playing an important role in shifting [...]
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Welcoming Graeme Nuttall’s report on Employee Ownership at the Deputy Prime Minister’s summit on employee ownership on July 4 where the paper was launched, ESOP Centre chairman, Malcolm Hurlston said: “Graeme has done an excellent job in pinning down some of the barriers to wider employee ownership and has suggested sensible and practical solutions to [...]
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