Employment
House of Lords
Lord Marland (Conservative)
My honourable friend the Minister of State for Employment Relations and Consumer Affairs (Jo Swinson) has today made the following Statement.
My right honourable friend the Chancellor announced on
Today I am launching a consultation on how the Government will establish this new employment status. This coincides with introduction of the Growth and Infrastructure Bill.
Under the new employment status, employee owners will have a different set of employment rights and they will be given shares in the company of between £2,000 and £50,000. Any increase in value of these shares will not be subject to capital gains tax.
The consultation ends on