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Co-operatives (Employee Company Ownership)
11 January 2022
Lead MP
Christina Rees
Debate Type
General Debate
Tags
EconomyEmployment
Other Contributors: 1
At a Glance
Christina Rees raised concerns about co-operatives (employee company ownership) in the House of Commons. Other MPs contributed to the debate.
How the Debate Unfolded
MPs spoke in turn to share their views and ask questions. Here's what each person said:
Lead Contributor
Opened the debate
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.
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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Assessment & feedback
Summary accuracy
About House of Commons Debates
House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.