Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Gareth Snell

Tuesday 18th April 2017 Commons Chamber

[Gareth Snell (Stoke-on-Trent Central) (Lab/ Co-op)]

T7. Co-operatives and worker-owned businesses tend to be more resilient and are more productive. Does the Chancellor agree that regulation and law should not disadvantage their development? Will he consider redirecting tax incentives away from company executives and towards employees looking to buy their own workplace?

[Mr Philip Hammond]

We are very keen on employees having an opportunity to take a stake in the businesses for which they work. We will look carefully at any proposals that would tend to enhance productivity by incentivising and encouraging employees.