- The concern that an unemployed person may be compelled to enter a job without rights or face losing their JSA.
- The tax break proposed by Osbourne would appear to be of greatest benefit to financial services firms in the City - a blank cheque to bankers.
- The tax break takes no account of the over 100,000 existing employee owners in the UK, all of whom have full employment rights.
- Just like Beecroft, many of the proposals will not do anything to allow entrepreneurial businesses to grow better.
Ten years ago, I was working for what was one of the fastest-growing companies in the UK. It ruthlessly used legal procedures to incentivise its workforce, while removing employees not felt to be doing enough, or re-employing them as consultants. That can be lawfully done - why do more now? Well, as Lucy Bone in Huffington Post puts it: ‘It is high-earners who could profit most from the Employee/Owner scheme.
The consultation site is still open for a couple of days (note that it was launched not long ago, giving less notice than the govenment's own rules, which state that consultation to changes in