Loading ...Labour Scheme Would Force UK Landlords To Sell Homes To Renters At Below-Market Prices
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“Another idea of McDonnell’s, according to The Independent, would be plans for “inclusive ownership funds,” by which corporations employing over 250 people would be required to give all employees 10% of their shares. The Financial Times and law firm Clifford Chance say that the scheme would result in the forced distribution of “£300bn worth of shares in 7,000 large companies” to workers in what would be one of the largest wealth transfers in the history of Western democracy. “