This idea has never been more relevant. As Will Hutton observed:
As an instrument of government policy, employee ownership is economically
effective, politically attractive and socially just.
Without any net cost to the public purse, employee ownership could make a
major contribution to re-balancing the economy, distributing wealth more widely,
re-invigorating civic society, re-building trust and re-connecting people with
more satisfying, more productive and happier work
tax reliefs subsidising regressive ownership outcomes, such as unlimited tax relief on corporate debt in private equity buyouts, this should be changed to encourage wider ownership and become conditional on the business