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Posted by on in Employment Rights
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Public oppose Government’s ‘employee-owners’ scheme

A majority (63%) of people in Britain think that the Government’s proposal for owner-employee schemes is a bad idea, according to a YouGov poll.

The employee-owner schemes were announced by Chancellor George Osborne in his speech at the Conservative Party Conference. This change in employment law would enable employees to receive between £2,000 and £50,000 worth of shares in the company they work for, but in exchange they would lose many employment rights, such as protection against wrongful dismissal, rights to redundancy pay and rights to ask for flexible working.

The poll showed that:

  • 46% of Tory supporters believe it is a bad idea to allow companies to offer owner-employees schemes, while 37% think it is a good idea.
  • 79% of Labour Party voters were against the government proposal, while only 9% were in support.
  • Amongst Liberal democrats, 64% were opposed to giving up employment rights in exchange for shares in the companies they work for, and 25% supported this.

The Government has said that owner-employee schemes will come into effect in April 2013.

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