McDonnell: Labour will give power to workers through ‘ownership funds’

All private companies employing more than 250 people would have to set up “ownership funds” giving workers financial stakes in their companies and increasing powers to influence how they are run, under radical plans announced by Labour as it prepares for a possible general election within months.The far-reaching proposals, which would empower millions of workers across the private sector, were unveiled by the shadow chancellor, John McDonnell, in an interview with the Observer.McDonn