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Press watch: ‘Shares for rights’

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‘George Osborne’s “shares for workers’ rights” initiative could end up costing Britain £1bn a year in lost revenues, the Office for Budget Responsibility has warned, at the same time as the government battles to clamp down on tax avoidance schemes. The long-term potential cost of the chancellor’s policy, buried in an annex to the Autumn Statement’s costing documents, is likely to fuel controversy over the employment initiative that got the go-ahead last week in spite of a poor welcome from business.’

Financial Times, 10 December 2012