Employee Ownership

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 6 November 2012.

Alert me about debates like this

Photo of David Gauke David Gauke The Exchequer Secretary 11:30, 6 November 2012

The Government expect that the scheme will cost up to £100 million in 2017-18. The initial estimate will be refined following the Department for Business, Innovation and Skills consultation on the implementation of the new employee-owner status, which involves engagement with business and others and will close on 8 November. The annual breakdown of the estimated Exchequer cost of the policy will then be published at the autumn statement once it has been certified by the Office for Budget Responsibility.