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Morning all.

Labour conference: John McDonnell unveils shares plan for workers

But doesn’t that mean you have to be working first?... blow that 😄

https://www.bbc.co.uk/news/business-45626043

10% of every company with more than 250 employees to be owned by employees/government if labour get in

CC - see post 11 :-)

Depending on rules, regulations and method of introduction could lead to an improvement in working conditions and efficiency,

Surely it's impossible to implement?

Say I own a company with a turnover of £100m and employing 250 people.

Will I not just put the shares into Trust and take it off-shore?

CC If any employer or individual takes any earnings from “this Country off-shore” then I hope they get duly hammered tax wise in some other area...no one likes a cheat.

Don't know.

I can see some of the difficulties.

But similar arrangements for employees, management and "owners" have been working in Germany post WW2 and USA.

Also, similar ideas have applied to some very large companies in this country.

The major problem would seem to be ownership of the "workers' shares" ans who is entitled to "value" and "payouts" from that pot.

Also, perhaps "voting" power and direction of "management-

=-


Perhaps, this would be better on "The Talk to yourself Thread".


PS I hope Gofdfinger is well.

Still miss his contributions.

Good morning!

Good Morning.

The Papers

Good morning.

Morning all.

Good Morning.

The Papers

Morning

Good morning!

Morning all

Morning all.

This time yesterday FTSE was up about 50 and every single stock in my portfolio was down or flat.

Today I'm sitting here with FTSE down 5 and nearly everything is up or flat.

All of which tells me I don't have a balanced portfolio!