Labour and the Locusts:
Private Equity’s Impact on the Economy and the Labour Market
7th British-German Trade Union Forum at Manchester University
Date: 16-17 July 2008
The main purpose of this year’s German–British trade union forum was to address
the emerging challenges posed by new financial actors, such as private equity and
hedge funds. Key topics included the ownership structure, lack of public disclosure
and management strategies adopted to meet the new demands of capital markets.
• Most of the discussion addressed the unique challenges posed by private equity
funds. The ownership structure and legal status of private equity funds bestow
unique financial power, combining tax concessions with no public disclosure.
'creating sustainable growth in europe'
Midpoint policy debates
This report summarises the speeches, presentations and discussions at the two policy debates held in November and December 2007 in Berlin and London to mark the halfway point of the Foundation’s research initiative on ‘creating sustainable growth in europe’ (see the initiative here). It includes a Foreword by Professor Sir Tony Atkinson, the chairman of the Academic Advisory Board, and provides both an overview of the aims of the initiative and insights into the programme findings so far and their possible implications for policy in the two countries and beyond.