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Employee Shareholder Contracts – Update

Following Wednesday’s budget, we announced plans that these shareholder contracts would come into force on 1 September 2013. We now have an update, as The House of Lords has voted against clause 27 of the Growth and Infrastructure Bill, which is the clause introducing this proposed legislation.

The Bill now return to Parliament where the Government will now decide whether to pursue this. We will of course keep you updated on this and other employment legislation affecting your business.

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