§ Helen JonesTo ask the Chancellor of the Exchequer how many companies have taken up the new all-employee share ownership scheme; and if he will make a statement. [150095]
§ Mr. TimmsThe all-employee share ownership plan was introduced last year when Royal Assent was given to the Finance Bill 2000. Companies have been going live with their plans since September 2000.
In the first six months, 262 companies have sent in plans to the Inland Revenue.