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It’s our business – the Centre’s monthly has been synonymous for many years with the name of its editor Fred Hackworth. It is fitting that the new Chancellor has given him a rousing send-off by selecting for action Fred’s almost lone call for making effective use of the CSOP. Doubling its maximum was at the lower end of the ideal but it was a strong move. He was also glad to see the end of the Office of Tax Simplification, whose recommendations had frequently riled him and many members of the Centre. But most pleasing for all of us was the Chancellor’s clear summation from the despatch box – We want this country to be an entrepreneurial, share-owning democracy. 
From the pages of newspad Fred led an unrelenting and well-informed campaign on behalf of the original shareholders of Roadchef. He has passed on access to the channels through which he kept informed and through which as a journalist by profession he was able to cover the sad story with impunity.
That will be harder for the Centre in a world where the consensus favours good news, but I shall personally keep his high ideals in view. I have compared the Roadchef saga with Dickens’ Jarndyce v Jarndyce in which the pot was empty after all legal fees. However, I understand that there are substantial sums of money now gaining ever more interest so there may be light at the end of this rare dark tunnel for employee ownership. Fred’s light will continue to shine. 

Malcolm Hurlston CBE

Please send all press releases, company bulletins and news items for newspad to esop@esopcentre.com. Thank you.

October 2022

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