If it wins the elections, the British opposition Labor Party will introduce to companies with more than 250 employees the obligation to establish "equity funds" for workers to ensure them a share in the companies they work for, Shadow Finance Minister John McDonnell said in an interview with the Observer.
A proposal for a corresponding law would be sent to parliament in the first year of the Labor government's mandate as part of efforts to "redirect wealth and power towards workers", said John McDonnell in an interview published in the Sunday edition of the Observer.
"This would achieve that in large companies, in addition to salaries, workers are also rewarded with shares in a fund that would enable them to play the role of owners," emphasized the shadow Labor Minister of Finance.
"An opportunity is opening up for us. I think the government will almost certainly fall apart in the next six months," he predicted. The next parliamentary elections are not scheduled until 2022, although some parliamentary representatives estimate that they could be held even earlier, given the deep divisions in the ruling Conservative Party over Brexit and increased pressure on Prime Minister Theresa May.
Labor leader Jeremy Corbyn, a socialist who was unexpectedly elected party leader in 2015, has steered the Labor Party to the left and is often at odds with Labor MPs, but is also attracting thousands of new members, especially young people, to the party.
In the manifesto for last year's parliamentary elections, Corbyn promised the re-nationalization of certain public services, measures to suppress the payment of excessive bonuses to company leaders, and an end to savings in healthcare. It is believed that thanks to that program, the Labor Party won more seats in the parliament and the Conservatives lost their majority, Hina agency reports.
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