Capital Gains: Broadening company ownership in the UK economy
Article
The unequal ownership of capital in the economy is a powerful driver of inequality.
With the share of national income going to capital having increased in recent decades, and likely to rise further, new models of company ownership are needed to reduce inequality and ensure the benefits of growing national wealth are widely shared.
This report sets out three different ways in which ownership can be spread more widely: the establishment of a national Citizens’ Wealth Fund, giving the public a share of corporate and other assets; the expansion of employee ownership trusts, which give employees majority ownership of companies; and the growth of co-operative and mutual firms. It recommends a series of reforms to achieve these goals.
Related items
Towards universal opportunity for young people
Outlining a vision for young people which could increase social mobility while also reducing inequality and disadvantage, so that every young person has the opportunity to build a decent life.One year in: the government is making decent down payments for the years ahead
It’s fair to say it hasn’t been a straightforward first year for the government.Britons back local leaders with fiscal firepower
“Death and taxes,” they say, are life’s only certainties. But there’s a third - wherever taxes are controlled, power lies.