but even I think Osborne is an idiot today!



[url=http://www.bbc.co.uk/news/uk-politics-19865692Give up your rights, and get some free shares???[/url



lunacy!

The value of shares can go down as well as up

Note it says "up to £50000" (worth of free shares).



What is the betting that this will be the exception rather then the rule and what is the minimum amount employers can spend to remove these rights? And what about whether or not the workers can say no?



Unless the cost to employers is small those employing many workers such as supermarkets or the banks won't be able to afford it. Small companies won't be able to hand out £50K to numerous employees either. So for this to work in the way Osborne really wants - workers rights to be removed it must be feasible for employers to do this at much less than £50K.



If workers can be compelled to accept this idea then this is no different than a simple removal of workers rights as proposed earlier in the year.



Also what about new employees of a company. Will they have no rights by default? Will they be forces to accept (no doubt very few) shares on joining?

A number of questions there that I doubt crossed Gideon's mind when this was being "brain"stormed

It is another shoot from the hip idea that doesn't stand up to the slightest bit of scrutiny when you think for less than a minute about the practicalities of it.



Why would anyone give up their employment rights for what amounts to two years of less than the national average wage?

Yep. Or do you just join a company, take the £50,000 shares then immediately sell them and leave?

You won't be able to do that. No one is going to employ you, give you £50K with no strings attached.



A little more digging reveals that the minimum amount an employer has to offer is a mere £2K. £2K for your rights!



This is nothing other than a scrapping of workers rights by the back door. Watch Ltd companies sell themselves to a new company and re-hire the entire staff forcing them to accept these terms!



What is more if they fire you they will be able to buy the shares back at a reasonable price (whatever that means) if you had not already sold them.



The scheme would also be compulsory for new employees of a company. So you will have no option to forgo your rights for a mere £2K if you move job or get one after being unemployed.



As I said this is the scrapping of workers rights by the back door.

It is , and they seem bent on scrapping workers' rights by any door available. I expect it'll be trapdoors soon.

[iIn his speech in Birmingham, the chancellor made clear he was not planning to change course and said [ua further £16bn of savings must be found by 2015/16 to meet his target of balancing the budget within five years[/u.[/i







An invoice for tax to Vodaphone, Topshop et al would be a start.

What happens to people who work for privately owned companies, co-operatives or in the public sector? Do they get to keep their rights?

Damned right.



A few pontificating about personal tax - and a Murdoch paper campaigning on dreadful personal tax 'avoiders' - but no mention from government or the [iTimes[/i about corporate tax.



Throw a few celebrities to the wolves - better yet if they have BBC links - but ignore the companies that are getting off by far, far more.



Tells you something, perhaps?

A thought which has crossed my mind as well. Private companies do issue shares but they aren't traded. They become worth something real if the company is either sold or takes a listing on the stock exchange. In the meantime they are worthless. So maybe the intention is such companies can give you £2K of worthless paper and still do away with your rights?



Another thing that crossed my mind is the fact this scheme will be free from CGT is a worthless sop unless you are given more than £10600 of shares. You are exempt from the first £10600 of capital gains in any one year so you would have to given more than this amount in shares [uand sell [/umore than that amount in any one year to incur any tax anyway.