Wednesday, 17 April 2013

UK: House of Commons restores 'employee shareholder' clause to Growth and Infrastructure Bill

The amendments made to the Growth and Infrastructure Bill in the House of Lords were considered yesterday in the House of Commons. One amendment made by the Lords was to remove clause 27, which would introduce a new type of employment status - 'employee shareholder ' - whereby employees receive shares in exchange for surrendering certain employment rights. The Commons debated clause 27 and voted to restore it to the Bill by 277 votes to 239: see here. Further consideration of amendments is scheduled for 22 April.

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