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John McDonnell to tell Labour party conference he wants workers to get 10% of company’s equity

WorldNews Monday, 24 September 2018 ()
John McDonnell to tell Labour party conference he wants workers to get 10% of company’s equityLabour is launching a radical plan to require private companies to hand over a 10 per cent share of their equity to workers. Unveiling the scheme at the party’s national conference in Liverpool, shadow chancellor John McDonnell will say that it could net almost 11 million workers up to £500 a year each. But additional income would be capped at that level, with any further dividends going to a national fund to pay for public services and welfare, in an effective new levy on private business worth an estimated £2.1 billion a year. John McDonnell would cap it at £500 with any extra cash going to a national fund for public services (Picture: EPA) Conservatives branded the proposal ‘yet another...
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News video: McDonnell announces workers' rights scheme

▶ McDonnell announces workers' rights scheme 02:42

Shadow Chancellor John McDonnell discusses workers rights ahead of his speech at the Labour party conference in Liverpool.

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