The Year 2014 in the United Kingdom

In his retrospective on 2014, the UK Employee Ownership Association's Iain Hasdell noted that the number of employee-owned businesses in the UK increased by 9% during 2014, and the sector now is roughly the same size as the UK's aerospace industry. Hasdell reflected on new tax incentives and the continued success of employee ownership in providing public services. Noting that employee ownership is on track to meet his goal of representing 10% of the UK's economy by 2020, Hasdell said, "we are on course to deliver our overall ambition to ensure the UK economic recovery is one in which employee ownership plays a significant role in the structural reform and rebuilding of our economy."