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Osborne employee shares plan

Osborne employee shares plan
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”.

Green Box: Osborne employee shares planClick to open

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