Labour launches a worker-ownership plan
John McDonnell wants businesses to hand shares to workers
WHEN the Swedish Social Democrats unveiled a plan to force companies to hand over shares to its workers, opposition came from an unlikely source: ABBA. The pop group led a vociferous campaign against the proposal in 1982, hosting an open-air gig to raise funds to fight it and pledging to leave the country if it was implemented. ABBA won. Four decades on, Labour’s shadow chancellor John McDonnell is hoping for a better reception after taking a chance on the same idea.
This article appeared in the Britain section of the print edition under the headline “Take back control”
Britain September 15th 2018
- The unlikely survival of May’s Chequers plan for Brexit
- Boris Johnson’s bid for the Tory leadership
- Labour launches a worker-ownership plan
- Britain’s electoral system favours not Labour but the Conservatives
- Rebuilding British higher education’s most unusual institution
- Councils in England and Wales hatch their own solutions to prostitution
- British hospitals are having a dementia-friendly makeover
- A hunger for new thought
From the September 15th 2018 edition
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