Justin King hits out at Osborne

City A.M. Reporter
SAINSBURY’S chief executive Justin King has criticised chancellor George Osborne’s plan to allow employees to swap workplace rights for shares in their firms.

The supermarket boss told a retail conference that the plan is “not what we should be doing”, adding that such a scheme would destroy trust between the public and some of Britain’s biggest companies.

“Our agenda, if the government want to help us, should be making employing people easier and less costly,” he said.