Employee Ownership Schemes

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 27 July 1983.

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Photo of Mr Cecil Parkinson Mr Cecil Parkinson , Hertsmere 12:00, 27 July 1983

I agree with much of the hon. Gentleman's rather long question. During our previous period in Government the number of employee share schemes increased from 30 to 600. In each of the past two years more than 250,000 additional people bought or acquired shares in the companies in which they worked. We have not gone as far as he and I wish, but we are moving firmly in the right direction.