Navigation

Skiplink Navigation

Main Features

Sweden's government, Left party propose profit cap on welfare companies

FILE PHOTO - A general view of the Riksdag, Sweden's Parliament, in Stockholm, Sweden, May 7, 2017. REUTERS/Ints Kalnins

(reuters_tickers)

STOCKHOLM (Reuters) - Sweden's centre-left government and the Left Party has agreed to put forward a bill for a profit cap on private schools and care homes funded by taxpayers, they said on Friday.

The proposed cap - on operating profit in relation to operating capital of 7 percentage points plus the risk-free rate - would hit education firms such as Academedia and Engelska Skolan as well as several private equity-firms.

However, the proposal will have slim chances to pass parliament as the minority government and the Left Party lack the necessary votes. All other opposition parties have previously vowed to vote against the proposal.

(Reporting by Johan Ahlander; Editing by Daniel Dickson)

Neuer Inhalt

Horizontal Line


Survey Swiss Abroad

Survey: Keyboard and Hand close-up

advent calendar

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.








Click here to see more newsletters