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ARTICLE · 10 JANUARY 2014

Employee Ownership: One Year On

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"I have every expectation that when we look back at 2013 we will recognise it as having laid the foundations for a thriving and growing employee ownership sector in the UK."

United KingdomEmployment and HR

"I have every expectation that when we look back at 2013 we will recognise it as having laid the foundations for a thriving and growing employee ownership sector in the UK." (Jo Swinson, Minister for Employment Relations and Consumer Affairs). Graeme Nuttall and Jennifer Martin from Field Fisher Waterhouse explain more.

Introduction

The Deputy Prime Minister, Nick Clegg, launched a drive to put employee ownership into the mainstream of the UK economy in January 2012. Since then the sector has received more attention than ever before. The Nuttall Review was published by the Department for Business, Innovation and Skills ("BIS") in July 2012. One year on from the Government's formal response to the Nuttall Review, BIS has reported on the progress made. Initiatives to promote employee ownership continue, with the publication by BIS in November 2013 of a call for evidence on amending the rule against perpetuities and further reducing the complexity of

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