In the wake of the financial crash there has been much soul-searching by politicians as to how failures in the market economy can be resolved.
The PLC structure that dominates the UK economy has been criticised heavily for its short-termism and for excessive executive pay.This research sets out the economic case for promoting greater diversity of ownership structures and employee ownership in particular.
Despite the advantages revealed, the report identifies the barriers that inhibit companies from adopting alternative business structures, including tax disincentives and problems accessing investment. It recommends radical government action to overcome these and to promote a more diverse and resilient economy.
This publication is kindly supported by the John Lewis Partnership.