Mr Miliband and Ed Miliband

Ed Miliband: Mr Miliband will argue that many entrepreneurs who decide to move on or retire would like to sell their business to their staff and that the policy would boost companies by tapping into the skills and enthusiasm of existing employees, according to The Independent. The scheme is part of a package of proposals which Labour insists will give employees and consumers extra influence over the operation of companies and services and On Friday Ed Miliband will commit a Labour government to ushering in a new era of employee ownership as he seeks to regain the initiative following attacks on party policies from a succession of business chiefs. Under the Labour plan, employees would gain the statutory right to mount a bid for a firm which is being sold, wound up or floated on the stock market. Staff would be given advance warning and would be guaranteed the time to raise the money to match competing offers. (news.financializer.com). As reported in the news.