Osborne's plans to sell your rights for £2000 in shares - otherwise known as no rights for you and tax-free status for bosses forever!

(9 Posts)
Lastofthepodpeople Sat 13-Oct-12 09:41:15

First time I've heard him called Gidiot. It suits.
Absolutely terrible idea. I'd like to say it's poorly thought out but I suspect he knows what he's doing.
On the other hand, if we could sack him for just £2000, that'd be a good deal. Anyone want to start a kitty?

edam Wed 10-Oct-12 16:40:05

Would this possibly be illegal under EU law? It'd be nice if for once EU law was actually of some use, although given what we hear about non-existent employee protection in Spain and Italy I'm not convinced...

edam Wed 10-Oct-12 16:37:43

grin Nicholas, very true

I had shares in Emap when I worked for them. Used to get a dividend cheque for tuppence ha'penny every year. Never stopped them being extremely ruthless with everyone except the corporate big boy idiots who all-but-bankrupted the company when they spent billions of pounds buying Guns & Ammo.

alexpolismum Wed 10-Oct-12 16:24:35
NicholasTeakozy Tue 09-Oct-12 17:54:01

On another Gidiot thread a poster remarked that the bollock-chinned wonder was out of his depth. He'd be out of his depth in a paddling pool. An empty one.

riksti Tue 09-Oct-12 17:39:20

Not to mention - shares given to you by your employer are treated as employment income. This means you will pay PAYE and NI on the value of the shares when you first receive them. Not sure where that money comes from as you'd immediately have to sell some of the shares to pay the tax bill... Or go without normal cash salary for that month.

MerylStrop Tue 09-Oct-12 17:33:24

to paraphrase, I wouldn't want shares in any company that would employ me
(arts administration....no ta love, just pay me)

I am horrified by this. Definitely the thin end of the wedge.

dikkertjedap Tue 09-Oct-12 17:28:43

Disgraceful.

breadandbutterfly Tue 09-Oct-12 17:17:27

Here's some analysis of Gidiot's new proposals - and it ain't pretty:

www.newstatesman.com/blogs/economics/2012/10/osbornes-employee-owner-plan-beecroft-through-back-door

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