Labour's IOF share plan will be seen as theft by companies

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Sky's Ian King says Labour's plans to boost employee ownership will not go down well with listed firms or their current investors.

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IanKingSky Labours employee share ownership plan will reduce investment, growth and wages. Investment in training, social housing + transport essential. LabourCreatedAusterity Lab2018

IanKingSky It's easier to take productive people's money and wealth than to work for it.

IanKingSky Thinking of this again what is he going to do when a company gets in trouble and calls upon its shareholders to buy non voting shares, are these 10% going to be allowed to cop out or will they be forced to pay

IanKingSky Just been listening again to his speech added lives in dreamland it £500 a year and dividends he needs to stop kidding the people and be truthful as John Lewis employees

IanKingSky Why tax dodgers who pay less than a living wage and get fined for regulatory abuses cry foul

IanKingSky There's nothing stopping employees buying shares in the company they work for, is there?

IanKingSky An entirely predictable move from a man that quotes from Mao’s little red book in Parliament..

IanKingSky Will the employees have to accept 10% of the companies liabilities as well?

IanKingSky How about forcing Google facebook Starbucks....Gary Lineker....to pay their proper share of tax 🤔 DontHurtTheLittleGuy

IanKingSky sky has lucked out comcast won the lottery so co. will still be able to write their garbage for now...

IanKingSky Capitalism is based on theft from he working class.

IanKingSky Unbelievable that a western government would consider removing liquidity from a private company operating in its territory, absolute madness, this is how it started in Venezuela. The poor will demand the well off find their lifestyle.

IanKingSky Pie in the sky politics by Labour. They'll never be in power to try to implement such unworkable policy so it's all bull anyway.

IanKingSky It’s only theft from the rich and in his world that doesn’t count as theft, it’s redistribution of wealth, so what if you’ve worked all your life to build a company, if you’ve done well, you shouldn’t have and johnmcdonnellMP wants some of it

IanKingSky One way of increasing unemployment. New businesses being set up with 249 employees max, businesses split up etc. Laughable plan . Then again Labour don’t understand how businesses work.

IanKingSky All of his ideas are theft. His instruction manual is the Russian revolution.

IanKingSky And whose work also makes the business a success. It isn’t all about the owner. But then I’ve yet to see anyone from Sky support anything the Labour Party proposes.

IanKingSky I thought businesses have been steeling from the tax payer and employees for years.

IanKingSky And if the company fails, the 10% will be responsible for 10% of company debt !

IanKingSky It’s not an employee ownership plan, it’s a totalitarian government take over plan.

IanKingSky That's one way of looking at it, it's laughable what they are trying to do.

Communists

10% of equity Employee board members Mandatory union membership Re Nationalisation Tax hikes Cant deliver on these promises if those affected all go offshore & any UK investment ceases. All sounds a bit Orwellian to me & we all know how well that turned out for the workers!

Return to the 1970’s wrecking of Britain, if they ever got into power

/ The employees of any industry or Retail outlet should get a Bonus equal amount payable to all employees if their employer made a profit ?

Company shares owned by Shareholders,Company,Individuals,Pensions Cos etc-McDonnell Plan is clearly Theft & Shareholders every right to refuse sign Tranfer Forms

Tax dodging corporations complain of theft of their loot

If I owned a big company I’d move it abroad under this proposal. Another bad and possibly unachievable proposal from Labour. Too radical an idea for me. Employee ownership sounds good, but not the way this is presented.

Because it is.

Sounds like something Robert Mugabe would do! will white directors be removed from the boardroom

Short-sighted pro-business nonsense from King as usual

What bullshit, if that theft, paying people low wages is also theft, if companies paid proper salaries Labour would not have to come out with policies like this.. FACT

Clear plan by Labour to stifle entrepreneurship! State owned or nothing

10% is not much and it's a reward for all those employees who contributed to that success. But primarily, it stops employers racing to the bottom on terms of wages and benefits.

It is theft. McDonnell is a Marxist, they are all thieves.

An incentive by momentum for companies to leave the UK!

So a hard working bloke starts a business with a loan, puts his arse on the line and begins to see some success and rewarding profit. Then Labour come along and force him to appoint an ignorant Len McCluskey clone on his firm's board to make a total mess of things. What nonsense.

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