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Business quote of the day

“It was so clearly intended to take a bite out of employment protection that most employers said they didn’t believe it was desirable”.

New Statesman
Photograph: Getty Images

“It was so clearly intended to take a bite out  of employment protection that most employers said they didn’t believe it was desirable”
Mike Emmott, of the Chartered Institute of  Personnel and Development, is cynical of the employee shares-for-rights scheme, which officially launches this week.