Labour should be campaigning for a citizens’ wealth fund instead of a worker-ownership plan

Instead of giving some workers a small ownership stake in the companies they work for, Labour should be backing a citizens’ wealth fund, writes Stewart Lansley. A fund financed by the dilution of capital ownership would introduce the principle of profit sharing across all medium and large firms; and the benefits would be distributed collectively to all citizens rather than to individual employees, achieving a more even spread of capital ownership.