{"id":16012,"date":"2018-08-28T16:54:43","date_gmt":"2018-08-28T15:54:43","guid":{"rendered":"http:\/\/unitelive.org\/?p=16012"},"modified":"2020-11-12T12:58:16","modified_gmt":"2020-11-12T12:58:16","slug":"joke-insolvency-plans","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=16012","title":{"rendered":"‘Joke’ insolvency plans"},"content":{"rendered":"
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Planned government action on dodgy bosses who use insolvency to avoid paying wages and pensions are a \u00e2\u20ac\u015bjoke\u00e2\u20ac\u0165, Unite has said.<\/p>\n

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Bosses who dissolve their companies to get out of paying workers and meeting pension contributions could be hit by fines under the plans.<\/p>\n

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Unite said the proposals were a \u00e2\u20ac\u015bjoke\u00e2\u20ac\u0165, while the TUC<\/a> described them as \u00e2\u20ac\u015btinkering at the edges\u00e2\u20ac\u0165.<\/p>\n

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Under pressure ministers \u00e2\u20ac\u201c who are keen to be seen taking action after the devastating fallout on workers from the collapse of Carillion<\/a> and BHS<\/a> \u00e2\u20ac\u201c are proposing stricter insolvency laws.<\/p>\n

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Business minister Kelly Tolhurst announced the plans on Saturday (August 25), saying that \u00e2\u20ac\u015brecent large-scale business failures have shown that a minority of directors are recklessly profiting from dissolved companies\u00e2\u20ac\u0165.<\/p>\n

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As well as fining bosses, firms could also have to prove they have enough money for wages and pensions<\/a> if they are forking out dividends to shareholders.<\/p>\n

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Unite assistant general secretary Steve Turner said that even if the plans were enacted the government would still be giving far more leeway to irresponsible and greedy executives than they do to ordinary people who find themselves in debt.<\/p>\n

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He said, \u00e2\u20ac\u015bPlanned government \u00e2\u20ac\u0098action\u00e2\u20ac\u2122 on insolvency is a joke. Using legal scams to avoid paying wages and pensions owed to workers is wage theft!<\/p>\n

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\u00e2\u20ac\u015bSeize their assets just like you shamefully and happily do the poorest who struggle with nothing already.\u00e2\u20ac\u0165<\/p>\n

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The TUC said the plans are \u00e2\u20ac\u015btinkering at the edges\u00e2\u20ac\u0165 and called for an overhaul of corporate governance in the UK.<\/p>\n

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This includes delivering on Theresa May\u00e2\u20ac\u2122s election campaign promise<\/a> to install worker representatives on company boards, which she has since renegaded on<\/a>.<\/p>\n

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The government will set out more details on its plans to tighten insolvency laws in autumn.<\/p>\n

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Planned government action on dodgy bosses who use insolvency to avoid paying wages and pensions are a \u00e2\u20ac\u015bjoke\u00e2\u20ac\u0165, Unite has said.   Bosses who dissolve their companies to get out of paying workers and meeting pension contributions could be hit by fines under the plans.   Unite said the proposals were a \u00e2\u20ac\u015bjoke\u00e2\u20ac\u0165, while the […]<\/p>\n","protected":false},"author":2,"featured_media":9611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[996,997,855,220,995],"wps_subtitle":"Unite calls for stricter insolvency laws as gov't proposals slammed as too weak","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/16012"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16012"}],"version-history":[{"count":2,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/16012\/revisions"}],"predecessor-version":[{"id":25938,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/16012\/revisions\/25938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/9611"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}