Andrew Stunell

Working hard for Bredbury, Compstall, Great Moor, Hawk Green, Hazel Grove, Heaviley, High Lane, Marple, Marple Bridge, Mellor, Offerton, Romiley, Rose Hill, Strines & Woodley since 1997

 Andrew Stunell

Stunell backs demand to save employee share schemes

12.00.00am BST (GMT +0100) Tue 22nd Apr 2003

Local MP Andrew Stunell is pressing the Government to rescue employee share schemes threatened by a new national accounting charge that could end employee share plans.

Mr Stunell, who has raised the issue at Westminster, said, "Employee share schemes are essential to thousands of people in Stockport. They top up small retirement pensions and savings and help people meet everyday expenses as well as repay debt."

He fears that if these proposals are pushed through most small to medium companies won't be able to afford to maintain their schemes. "The real sufferers will be hardworking employees saving for a rainy day."

Mr Stunell said, "This is yet another setback in the sorry mess of pension's policy. The Government must recognise how crucial these share schemes are to many workers and scrap these new charges. "

ENDS

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Previous news story: One in three Post Offices at risk over Government handling of Post Office Card Account (Tue 15th Apr 2003).
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