Business Views On The Stakeholder Society

EDM number 615 in 1995-96, proposed by David Shaw on 13/03/1996.

That this House welcomes the demolition of another of Labour's big ideas, namely stakeholding, by top businessmen Sir Ronnie Hampel, Chairman of ICI, and Sir Stanley Kalms, Chairman of Dixons; believes that a stakeholder society in which savers' and pensioners' investment returns are reduced in order to meet the demands of trade union bosses and Labour honourable Members would be enormously damaging to the United Kingdom economy; calls on the Labour Party to publish details of the impact a stakeholder assurance funds in which 16 million people have an interest; endorses fully the statements on stakeholding which Sir Ronnie said 'If there is an impediment placed in our way in the sense of adding to our costs, we will fail', and 'it will add cost in a dogmatic way and a codified way which is not relevant to every business'; and calls on Labour honourable Members to reject the trade union bosses and Shadow Cabinet calls for Labour to adopt stakeholding policies.

This motion has been signed by a total of 25 MPs.