Another crazy scheme or business genius?

We find ourselves unable to get very worked up about George Osborne’s latest and greatest annoucement – one that seems to have come from absolutely nowhere with no consultation as far as we can tell. Apparently, by April 2013 a new “owner-employee” contract will enable businesses to give employees shares in return for them giving up many of their fudamental employment rights. Why aren’t we very bothered? Because like stakeholder pensions and other similarly badly thought out ideas this will not be embraced by many businesses or employees. It appears impractical, unworkable and unlikely to be attractive to most employees. We’ll keep you posted as we get more info…