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Norman Lamb writes: Our time to lead the debate: Employee ownership

January 20, 2012 6:15 PM

lamb• [Jan 17] Norman Lamb* writes: IN the debate on so-called crony capitalism two things are clear. First there is genuine and widespread anger at corporate greed and irresponsible capitalism. Second, politicians from the left have been groping around, without much success, trying to come up with convincing responses.

. . As the world struggles to adjust to the shock that the economic system has faced over the last three years, we are searching for a more sustainable, more responsible and fairer form of capitalism. Yesterday, Nick Clegg came up with some answers. In particular, he argued that this should be the decade of employee share ownership . . Action is needed in three areas.

• First, we have to increase the awareness of employee ownership . .

• Second, we have to look at tax incentives . .

• Third, we have to examine the critical issue of access to finance . .

This is an exciting moment. Liberal Democrats in Government are leading this debate. And the first steps set in motion by Nick Clegg this week could have a decisive, Liberal impact on our economy and in our workplaces that will be felt for years to come.

• Norman Lamb writes: Our time to lead the debate: Employee ownership [LDV Jan 17]

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