Richard Branson facing backlash over plea for UK bailout of Virgin Richard Branson facing backlash over plea for UK bailout of Virgin
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  1. #1

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    Default Richard Branson facing backlash over plea for UK bailout of Virgin

    “ From his private island in the Caribbean, Sir Richard Branson is trying to convince the UK government to give his Virgin Atlantic airline a £500m bailout to help it survive the coronavirus pandemic and the economic fallout of the lockdown.

    The billionaire, who also wants £700m from the Australian government to bailout Virgin Australia, has the backing of bosses at Airbus, which makes Virgin’s planes, and Rolls-Royce, which makes its jet engines, who have warned ministers that if the airline collapsed it could drag them down too.”

    Richard Branson facing backlash over plea for UK bailout of Virgin | Business | The Guardian

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    Quote Originally Posted by AtW View Post
    “ From his private island in the Caribbean, Sir Richard Branson is trying to convince the UK government to give his Virgin Atlantic airline a £500m bailout to help it survive the coronavirus pandemic and the economic fallout of the lockdown.

    The billionaire, who also wants £700m from the Australian government to bailout Virgin Australia, has the backing of bosses at Airbus, which makes Virgin’s planes, and Rolls-Royce, which makes its jet engines, who have warned ministers that if the airline collapsed it could drag them down too.”

    Richard Branson facing backlash over plea for UK bailout of Virgin | Business | The Guardian

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    Richard Branson tax fraud: How a youthful indiscretion helped create a billionaire.
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    Be careful.... the wailers on here will not hear a bad word spoken about the people's billionaire.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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    The guy is a poor copycat - a tax dodge too, pretty crazy that tax on dividends isn’t applied to all dividends paid regardless where recipient lives, any honest investor living in a comparable to UK country would just use double taxation treaty to offset UK taxes against local taxes.

    And now he wants taxpayer support, sure - bail out if business is sound but his shares should go down right to 0 in such businesses if he is not putting in his cash.

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    Virgin Cola —->

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    Quote Originally Posted by scooterscot View Post
    Be careful.... the wailers on here will not hear a bad word spoken about the people's billionaire.
    You've been away too long. His trains were really crap, his airline isn't much better and his cable tv service is overpriced and has outages measured in geological time.

    The peoples' billionaire?
    Last edited by Mordac; 14th April 2020 at 07:04.
    His heart is in the right place - shame we can't say the same about his brain...

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    Quote Originally Posted by Mordac View Post
    You've been away too long. His trains were really crap, his airline isn't much better and his cable tv service is overpriced and has outages measure in geological time.

    The peoples' billionaire?
    Oi, be careful. Scooty did all his own research.
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    Quote Originally Posted by Mordac View Post
    You've been away too long. His trains were really crap, his airline isn't much better and his cable tv service is overpriced and has outages measure in geological time.

    The peoples' billionaire?

    Not been on a South of the border train in years it's true. Was on Scotrail recently... still burning diesel between Edinburgh & Glasgow!
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    Quote Originally Posted by scooterscot View Post
    Not been on a South of the border train in years it's true. Was on Scotrail recently... still burning diesel between Edinburgh & Glasgow!
    Better Scottish diesel than Bastard English electricity...
    His heart is in the right place - shame we can't say the same about his brain...

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    polarity changes soon as it crosses the border!
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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