Labour’s plans to give workers more shares in companies would lead to lower pay and productivity, CBI warns

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'Labour raises the right questions, but these are not the right answers,' CBI director said

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Well capitalists would say that... the idea of socialism is terrifying for their bank accounts 😁

It would cost listed companues £400 billion. McDonnell said he would cap any employee dividend at around £500 and the government would keep the rest. Sounds like another stealth tax.

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Source: The Independent - 🏆 80. / 59 Read more »

Big business should look in mirror before damning Labour plans | Nils PratleyCBI should examine own record and consider why trust in business has fallen so sharply Labour party will export your jobs to China 😁 Agreed. I don’t like all Corbyns plans but some of them seem a fair response to high management bonuses and profits the report by Nils Pratley shouldn't be about how businesses should look in the mirror, it is UKLabour need to look in the mirror as they depend on their members and not the ordinary voter.
Source: The Guardian - 🏆 84. / 53 Read more »