INSURANCE FOR WORKERS
STATE NOT TO TAKE OVER BUSINESS LABOUR PARTY REJECTS NATIONALISATION LONDON, November 23. The national executive committee of the British Labour Party to-day reached a compromise on the proposal that industrial insurance should be nationalised if the party won the next election. It is understood that instead of nationalising industrial insurance outright, the party will require industrial insurance companies to become societies owned entirely by members. This would apply also to (he powerful cooperative movement which has its own insurance interests. The plan envisages a supervisory board appointed by the. State with wide powers. An influential section of the Labour Party executive, including the National Insurance Minister (Mr James Griffiths) was understood to favour The plan in its original form.
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Press, Volume LXXXV, Issue 25970, 25 November 1949, Page 7
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123INSURANCE FOR WORKERS Press, Volume LXXXV, Issue 25970, 25 November 1949, Page 7
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