Oral Answers to Questions
Debate between Lord Harrington of Watford and John Grogan(6 years, 5 months ago)
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Richard Harrington
As the hon. Lady will know, because I met her the week before last, I am very conscious that Tata is in Port Talbot in her constituency. I promise that I will do everything in my power to ensure that Tata and other British steel companies, all of whom I meet regularly, are poised to act on these contracts.
John Grogan (Keighley) (Lab)
Oral Answers to Questions
Debate between Lord Harrington of Watford and John Grogan(6 years, 6 months ago)
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John Grogan (Keighley) (Lab)
The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Richard Harrington)
I should declare that I worked for the John Lewis Partnership for three years, from 1979 to 1982, and was therefore a beneficial owner of part of the company. That is not the only model to encourage employees, of course; share ownership is developing more widely as part of generally non-employee-owned companies. I look forward to the private sector making the business case for this model through the Employee Ownership Association, which is the representative body for employee-owned businesses.
John Grogan
Does the Minister agree that, taken as a sector, the UK’s 300 employee-owned businesses have higher than average productivity? Will he follow the example of the Scottish and Welsh Governments and more actively promote the sector, particularly to small and medium-sized businesses that are looking for a succession plan?
Richard Harrington
That is very interesting. I will look with care at what is happening in Scotland and Wales. We are generally in favour of employee-owned companies and companies with employees who have a share in them.