The UK currently lags behind Germany and France in productivity by 25%.

Gareth says “changing the way companies work — how they take key decisions and who is involved in them — is essential for sorting out those problems. As executive pay has shot up in recent years, the incomes of the rest of the workforce have struggled to keep pace, even with historically low inflation.

Company law must change to reflect modern Britain. Employees’ crucial stake in the success of their employer needs recognition in law. It is about strong businesses, better rewards for staff, higher productivity and a more equal country.”

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