Commons Sense

House of Commons · General Debate

Co-operatives (Employee Company Ownership)

11 January 2022 · 1 other contributor

Opened by Christina Rees Lab Neath

EmploymentBusiness & Trade

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Christina Rees raised concerns about co-operatives (employee company ownership) in the House of Commons. Other MPs contributed to the debate.

Key points

  • Moves to introduce a Bill allowing employees at risk of redundancy to buy their company as a co-operative are being discussed.
  • The debate cites economic benefits and historical context of employee ownership, including the 'Ownership Effect' inquiry and the Nuttall review.
  • The Italian Marcora law, enabling workers to purchase at-risk employer companies with government support, is mentioned as a model for the UK to consider.

How the debate unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said.

Opened the debate

Christina Rees Lab Neath

Moves to introduce a Bill allowing groups of employees at risk of redundancy to buy their employing company as a co-operative. Cites the economic benefits and historical context of employee ownership, including the 'Ownership Effect' inquiry, the Nuttall review, and Italian Marcora law which enables workers to purchase out-of-risk employer companies with government support. Emphasises the potential for wider wealth sharing post-pandemic and calls on the UK Government to consider introducing a similar scheme.

Other contributors (1)
  • Christina Rees Lab Neath

    Proposes legislation enabling workers at risk of redundancy to buy their employing companies as co-operatives. Cites historical examples and recent research supporting employee ownership, including the 'Ownership Effect' inquiry, the Nuttall review, and Italian Marcora law which provides government support for worker buyouts. Argues that such a scheme can help maintain employment levels during economic crises and promote long-term sustainability.

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