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Sell your company to its employees. This could be the best idea you ever read. An employee-buyout (EBO) ticks all the boxes including tax efficiency – and it is Government approved.
At this time of year we think of the two faces of Janus, the Roman God after whom January is named, pointing in opposite directions, one that looks back to the year just gone and the other forward to the brand new year ahead.
Interest in employee ownership is, in my experience, most often motivated by a desire for a fairer and more responsible form of capitalism and a drive to encourage personal responsibility among employees.
We’re all glad to see the summer and none more so than the university graduates of 2014; mortarboards on heads and scrolls in hand, for them it marks the end of struggling to stay awake in lectures, of facing the horror of a blank page perilously close to an essay deadline, of sitting another exam.
Poverty is costly for the British Government. It has to cover large parts of the living costs for millions of people who earn less than the defined living standards; in the meantime this keeps the poor stuck in a poverty trap.
Labour’s plan to reduce non-EU immigration has polarised public and political agendas over the past week, mainly due to the pledge to secure ‘a Brit job for every foreign worker’, also known in the media as ‘the apprentice tax’.
True, our energy bills are soaring and more households are sinking into fuel poverty, but such endemic problems are the result of much larger infrastructural issues that the party leaders must address.
At the Liberal Democrat party conference last weekend, ResPublica changed the debate on payday loans, exploring both the drawbacks and advantages of short term credit. The verdict: not that guilty after all.
This last month has seen a resurgence in activity on banking reform. In the space of a week we were privy to the publication of the Banking Commission’s long awaited report, the Chancellor’s Mansion House speech, and were informed of the departure of both Stephen Hester from RBS and Paul Tucker from the Bank of England.
With the publication of Lord Young’s report the government has reminded us that it still holds Small Medium Enterprise (SME) growth central to the economic recovery. But by taking a One Nation approach and encouraging the creation of supply chains, small businesses would be able to grow, develop and compete together.
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