They're plan is to see Brexit through, go on an unprecedented spree of public spending to renationalise many industries whilst making foreign investment extremely unappealing.
What can go wrong?
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They're plan is to see Brexit through, go on an unprecedented spree of public spending to renationalise many industries whilst making foreign investment extremely unappealing.
What can go wrong?
If foreign companies are not included, does this not give companies even more impetus to leave in the event of Brexit and a Labour government?
I guess you get shares in say Nissan's UK subsidiary? Plus if a company is told to a £500 bonus every year, they'll start giving out £500 lower pay rises annually too.
I dunno, in France there's a law that companies have to give a capped portion of any profits made to staff, and my company give it despite also paying a totally voluntary bonus system. Once you make something a law, companies don't always go out their way to wring every last penny back.
It's nothing but a guesstimate form an Independent writer on how things will work rather than what McDonnell is actually yet to say. There's many hurdles from an idea to actual policy. The baseline of the idea is to give workers a bonus as company increases in value which is not a bad idea and certainly not a dismantling of capitalism!
They've probably been the speech. That's common and why you see 'is expected to say'.
It's not dismantling capitalism clearly - it does raise a lot of questions though. As @Kentonio some companies already go above and beyond this anyway. However, impose that on struggling retailers and it will be a job loser.
Skinner. 
Exiting the EU Secretary? That's a gobfull.
You mean the majority of Brexiteers. I for one never expected Brexit to end well and blame all those who voted for it for the outcome. The EU are only looking out for their future.
While we are in the EU we don't need them. European law protects us.
No one trusts the Lib Dems to do what they say. They are quite happy to sell out the principles for a few seats in the cabinet.
Yes but what I mean is that it is still a guesttimate on implementation. As an example Brexit was simple as an idea that Britain would just leave the European Union, but with nigh on impossible real world implementation.
Skinner.
Surely we've left it too late for remain to be an option now?
It's a cracking idea, incentive to help the company do well while helping yourself. how many people feel part of the companies they work for currently? I certainly don't.Why is giving workers equity in the company they help to build a bad thing and a dismantling of capitalism
Many large corporations already do that!
Nope. If they chose they could get a referendum together very quickly. Other countries have in the past. It just requires political will.
I feel like most of the country either voted remain, didn't vote or voted Brexit and have changed their minds now? Maybe I'm wrong but there's probably a fair few Brexit voters who assumed it'd be a more straight forward process than this.
I am certainly not overreacting. I dont know where you are from but where I am from and the noises im hearing its not an overreaction at all.
I'm not really sure to be honest.
A no deal Brexit i.e. a hard Brexit?
I work in Oldham and I just don't get any feeling like that. People are not that arsed about Brexit and are getting on with their lives from the interactions I have. Its pretty much like it isn't even happening.
Check out the replies.
Manchester is Red.
What if the company needs to raise equity, do the employees just get diluted?
Also - if you’re going to take 10% away from shareholders, they’ll profit from taking the company private or de-listing. I wonder what the chances will be of a large number of plc’s then doing so. Not to mention the firms who choose not to enter the public markets, or decide to list outside of London/the UK as a result. I know many won’t consider this a negative, but it would significantly harm/shrink the UK’s finance sector on a multi year view.
It’s an interesting idea, but it seems ultimately misguided. I’m not sure why you wouldn’t be better off either increasing the minimum wage or lowering income tax bands?
It's Labour, they don't even consider the consequences.
This isn't actually arbitrary, its the number of employees designating a large company.
Anyway, the £500 limit and the rest going to the Government just sounds like stealth tax to me.
I voted Remain but the whole campaign was utterly useless.
Until Remain politicians and big supporters start engaging with people on key issues, it will continue to be useless.
Too much boiled down to labelling anyone and everyone as racists which failed. The same types are now labelling anyone more left of centre (Corbyn supporters) as naive communists.
If there’s a 2nd referendum and Leave wins again, what next? Next one wins or best out of 5?
I always laugh at the recent assertion that everything was great in British politics until the referendum vote...
Until Remain politicians and big supporters start engaging with people on key issues, it will continue to be useless.
Too much boiled down to labelling anyone and everyone as racists which failed. The same types are now labelling anyone more left of centre (Corbyn supporters) as naive communists.
If there’s a 2nd referendum and Leave wins again, what next? Next one wins or best out of 5?
I always laugh at the recent assertion that everything was great in British politics until the referendum vote...
Is it just listed companies? That's dumb cos there are some massive private companies. Crazy if they avoid it, but a micro cap company gets whacked.
Nice idea to have people share the spoils in principle, but yeah the unintended consequences could be painful.
I guess whatever figure they put on a large company will be arbitrary. My firm has around 235 employees at the moment. Do we just can the idea of growing the staff headcount further?
Agree on the tax grab.
I really hope you are right. EDL often bus in supporters from around the country so I'm not having a pop at Oldham.
I just hope they don't try and use a local issue with Muslims or some other group to stir up trouble but that seems to be what they are upto at the moment.
Its okay to cheat and misinform idiot voters then?
Don’t get me wrong, there are plenty of Brexiteer racist types in Oldham but I don’t detect any simmering tension or anything. Brexit isn’t even a hit topic from my interactions.
I don’t get why the EDL etc would be upset with a hard Brexit though, it means that the UK are out of the single market and in full control of its borders.
No it’s not but Remain needed to do better.
I was involved (briefly) with a pro EU campaigning/pressure group whilst at Uni doing my Masters, too many wanted to campaign in central Manchester/Liverpool/Leeds but very few wanted to do similar in places like Oldham. Too many refuse to listen to anyone outside their own echo chamber.
As for the EDL and far right hate groups. I think there’s an assumption that the far right gained an impetus post referendum. Whilst that’s partially true, there was an equally big rise in the early years of Blair but that doesn’t fit with the narrative that everything was wonderful post 97.
This is the 4th in a series of videos that The Guardian has done on the reasons behind Brexit. It seems to me that in places like Walsall the people who voted Leave really don't have much to lose. It has one of the highest Unemployment rates with 1/5 homes having no one who works. Of those who do work a large % work minimum wage jobs in warehouses like Amazon or bargain shops like Poundland often on low hour contracts that mean they rely on benefits and foodbanks to survive.
[QUOTE="Fully Fledged, post: 23099671, member: Fledged
This is the 4th in a series of videos that The Guardian has done on the reasons behind Brexit. It seems to me that in places like Walsall the people who voted Leave really don't have much to lose. It has one of the highest Unemployment rates with 1/5 homes having no one who works. Of those who do work a large % work minimum wage jobs in warehouses like Amazon or bargain shops like Poundland often on low hour contracts that mean they rely on benefits and foodbanks to survive.[/QUOTE]
I think so too and they had no other way to protest but vote brexit. Paul will have you believe that these people dont know what rock bottom is yet as he furiously types away in his French villa with pipe and slippers.
This is the 4th in a series of videos that The Guardian has done on the reasons behind Brexit. It seems to me that in places like Walsall the people who voted Leave really don't have much to lose. It has one of the highest Unemployment rates with 1/5 homes having no one who works. Of those who do work a large % work minimum wage jobs in warehouses like Amazon or bargain shops like Poundland often on low hour contracts that mean they rely on benefits and foodbanks to survive.[/QUOTE]
I think so too and they had no other way to protest but vote brexit. Paul will have you believe that these people dont know what rock bottom is yet as he furiously types away in his French villa with pipe and slippers.
Thank both for what you think about it. I thought that IRA levels of violence could not be reach, and for what you say it wont. But definitely it does not look like it will be easy at all in terms of violence, just a more shadowy one
Hope they find a solution for you guys, they obviously don't give a feck of you, like all occupiers, they show once more that they don't consider you as one of them, but a property, more or less valuable depending on the situation. Now you are expendable.
Occupiers ?? Are you for real?
God are history books that bad in Britain ?
Indeed, I remember seeing similar videos from Trump-supporting areas in the US prior to the election. Brexit/Trump might be (or rather definitely are) terrible ideas but they're different enough to be attractive to people who have been left behind by the prevailing ones. Which is why the "they voted for Brexit simply because they're racist" argument has always been a gross oversimplification.
When someone does not want you at their home, and you rule their matters, it doesn't matter if you arrive there invited or uninvited, you are occupying their place. English had not been welcome to Ireland for centuries and it stop because migrations and buying loyalist too