Labour will make companies set up 'ownership funds' - Observer

The Labour Party will make private companies employing more than 250 people set up "ownership funds" to give workers financial stakes in their firms if the party comes to power, its finance spokesman told the Observer newspaper.John McDonnell said in an interview published on Sunday that he would introduce such legislation in the first year of a Labour government - part of the opposition party's drive to "shift wealth and power in favour of working people".Britain is not due to hold a new electi