Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-02-10-Speech-2-161-000"
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"en.20150210.5.2-161-000"2
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"Mr President, last year was the most successful year ever for employee ownership in the United Kingdom – a year which saw more people at work in the UK than ever before, and a year which saw 83% of new jobs being quality, full-time and permanent.
Employee-owned businesses have played a leading role in delivering the UK’s economic recovery. 2014 saw the number of employee-owned businesses rise by some 9%. Some 30% of employees in the UK hold shares in their company. Sadly, in many other European countries, ownership has actually declined. In the UK, our flagship is the John Lewis partnership with some 82 000 employees or partners. Companies range from the very small to the very large and represent a wide range of sectors. Overall, they contribute some GBP 30 billion to the UK economy. In my own region, we have employee-owned companies ranging from a veterinary practice in rural Herefordshire to a world-leading manufacturer of machinery protection systems in Kidderminster, from the largest independent chartered insurance brokers based in Birmingham, to a family-owned food distributor in Willenhall that has been trading for nearly 100 years.
The thing they have in common as employee-owned businesses is higher productivity, greater innovation and better profitability. Employee owners also think and act for the long term, sometimes in marked contrast to the short-termism that can prevail. I want to pay tribute to the Employee Ownership Association which champions this business model so effectively.
So what is the EU’s role in this? As always, it is to create the environment where businesses can thrive and grow, by addressing skills shortages and by removing barriers, but above all by reducing administrative burdens on business, especially micros, and making it easier for businesses to compete in the global market place."@en1
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