Give mutual companies tax breaks, says Nick Clegg

The plans are part of a bid by Clegg to encourage more employee-owned companies to be set up because the government thinks they are well run, reports the Telegarpah. In a speech today, the deputy Prime Minister will formally unveil the start of a six-month Treasury review of tax rules around such companies. Clegg signalled his crusade to encourage companies to convert to mutual status in a speech in January in which he spoke of establishing a "John Lewis economy". Fiscal changes could include new capital gains tax breaks to get people to sell their companies to staff rather than to...