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Richard Branson/ Virgin
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By *arksxMan
over a year ago
Leicester / London |
Branson's marketing slogan after the 2008 financial crash was
"screw business as usual"
Yeah I'm all for that. We don't need another round of bailouts fo another decade of austerity, flat growth and low inflation.
Nor do bailouts protect workers or their workers pensions. Virgin like most companies should fail and go into structured bankruptcy.
That is much better for the exiting workforce than a bailout.
Most big firms claiming poverty after 1 month, albeit a bad one in the red. Are in this mess of a miss allocation of their funds.
The funds where used for stock buybacks and a lack of real investment into the companies and not paying debt down due low interest rates. This has now caused them to stagnate with no real cash holdings.
The stock market including virgin combined holdings (which also include a fucking space travel company, virgin galaxy) where at an all time high less than 10 weeks ago.
Let his wealth burn and just like he bought Northern Rock Bank for pennies on the pound.
Let the next entrepreneur buy up virgin Atlantic in the same way.
This financial moral hazard in the worse way.
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By *reeMan
over a year ago
Paisley |
"Branson's marketing slogan after the 2008 financial crash was
"screw business as usual"
Yeah I'm all for that. We don't need another round of bailouts fo another decade of austerity, flat growth and low inflation.
Nor do bailouts protect workers or their workers pensions. Virgin like most companies should fail and go into structured bankruptcy.
That is much better for the exiting workforce than a bailout.
Most big firms claiming poverty after 1 month, albeit a bad one in the red. Are in this mess of a miss allocation of their funds.
The funds where used for stock buybacks and a lack of real investment into the companies and not paying debt down due low interest rates. This has now caused them to stagnate with no real cash holdings.
The stock market including virgin combined holdings (which also include a fucking space travel company, virgin galaxy) where at an all time high less than 10 weeks ago.
Let his wealth burn and just like he bought Northern Rock Bank for pennies on the pound.
Let the next entrepreneur buy up virgin Atlantic in the same way.
This financial moral hazard in the worse way.
"
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By (user no longer on site)
over a year ago
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Just to be clear, he is not asking for a bailout, hes asking for a loan, and is willing to put his island up as collateral. He also has very little money in the bank, its all assets, so when your cash income stops, and you have only assets, what else is there to do but use them to raise some money, its certainly not the time to sell them, so collateral on a loans a pretty good idea, uk government gets the money back, or we take his private Caribbean island, worth a few quid I bet. In the long run it will save jobs, people really do like to bash Branson a lot, I dont think very highly of him but the media reporting of this is wrong in a lot of news outlets. |
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Poor bugger... Necker Island, no money in the bank, VA and VAI makes no profit and the parent group company domiciled in the no-tax BVI... 
I’ve said it before, the 8,000 jobs are a moral decision for the government. Whatever they decide to do will be hammered by the public and the media .
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Perhaps he's been living beyond his means in recent years. He could also request help from the British Virgin Islands, where his holding and other companies are based and he is resident for tax purposes. He's part of the reason why there's limited tax income to pay for public services, including hospitals in the UK.
If he pays tax on all income he's had whilst a tax exile from the UK, at the rate of PAYE, it could be considered, without prejudice |
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By (user no longer on site)
over a year ago
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"Hes not a nice guy, but its still not right to let the entire lot collapse, think of peoples jobs, why do over all those people just to spite him."
Im sure he has enough money in the bank to cover all that himself... We could always hold him upside down and give him a shake...  |
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"Hes not a nice guy, but its still not right to let the entire lot collapse, think of peoples jobs, why do over all those people just to spite him."
No one is saying throw the reported number of 8000 people in the UK on the scrap heap but the facts are that people like Branson are tax evaders, the system yes needs to change but probably won't as its rife..
Btw how did Branson treat his workers with this pandemic?
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So I've been looking at things wrongly
Richard branson has no cash money as it's all tied up in assets
Where as I have scrimped and saved and have managed to put a few quid away
I think I fancy some of this lifestyle he leads
So I'm gonna blow all my savings , question is what do I do ?
Fill the car up or get some shopping in ?
There's only so far my hard earned savings will go ! |
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By (user no longer on site)
over a year ago
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"Hes not a nice guy, but its still not right to let the entire lot collapse, think of peoples jobs, why do over all those people just to spite him.
Im sure he has enough money in the bank to cover all that himself... We could always hold him upside down and give him a shake... "
And he should have a look down the back of his sofa , see if there’s a bit of change knocking about |
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"Hes not a nice guy, but its still not right to let the entire lot collapse, think of peoples jobs, why do over all those people just to spite him.
Im sure he has enough money in the bank to cover all that himself... We could always hold him upside down and give him a shake...
And he should have a look down the back of his sofa , see if there’s a bit of change knocking about "
Which is exactly what Rishi has told him to do.. |
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By *arksxMan
over a year ago
Leicester / London |
"Hes not a nice guy, but its still not right to let the entire lot collapse, think of peoples jobs, why do over all those people just to spite him."
The entire lot collapse.
What is is you think will collapse?
This is billionaire brainwashing
Branson isn't the Messiah.
He is just a rich business man who albeit did what most billionaires did in the last decade but still mis managed companies.
No one is banging down the doors of capitalism and free markets harder than him and others in the good times.
Now all of sudden he is all for socialism.
Oh wow he doesnt want free money and just a loan. Wtf? That's how a bailout works its a loan it never was or has been free money to any industry.
And as for puttkng up his island as collateral. Oh great the uk have island sutibale only to sell to another billionaire.
Let him go work out his own commercial loan with a bank. See how much collateral they want and what they think about his island in the sea.
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By (user no longer on site)
over a year ago
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"Just to be clear, he is not asking for a bailout, hes asking for a loan, and is willing to put his island up as collateral. He also has very little money in the bank, its all assets, so when your cash income stops, and you have only assets, what else is there to do but use them to raise some money, its certainly not the time to sell them, so collateral on a loans a pretty good idea, uk government gets the money back, or we take his private Caribbean island, worth a few quid I bet. In the long run it will save jobs, people really do like to bash Branson a lot, I dont think very highly of him but the media reporting of this is wrong in a lot of news outlets."
Personally I can't stand him but if he purs nekka as collateral then no problem |
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By (user no longer on site)
over a year ago
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He and his company pay (sod all?) tax in BVI. Ask them for a loan/bail out. Not even a British company if registered in BVI.
They are, however, largely British jobs. Maybe the government should just offer to take the company off his hands....? |
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"Poor bugger... Necker Island, no money in the bank, VA and VAI makes no profit and the parent group company domiciled in the no-tax BVI...
I’ve said it before, the 8,000 jobs are a moral decision for the government. Whatever they decide to do will be hammered by the public and the media .
"
I suspect the cost of keeping those 8000 jobs will be very high compared to the cost of keeping 8000 jobs in, say, car manufacturing or house building, planes being extremely costly depreciating assets that aren’t going to be used for a while. |
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By (user no longer on site)
over a year ago
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Considering the whole virgin company is made of 400 organisations in a tangled web of enterprises owned via a complicated series of offshore trusts and overseas holding companies to significantly reduce the tax that they should owe. It might be legally right but it’s morally wrong when we are struggling to pay for public services and social care.
And Richard has even proclaimed that weaker airlines should be left to go to the wall.
So I’m not a fan.
For large companies like his can get help from the Bank of England to help with short term debt because of the Coronavirus or sell their short term debt to the market to raise capital.
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By *ercuryMan
over a year ago
Grantham |
"Of course no mention of Delta Airlines who own 29% of Virgin and made a 4.8 billion dollar profit in 2019. They may be good for a loan  "
Delta are looking after themselves. They've declined to help VA, which is of no surprise, as they stand to clean up the prime slots if VA go under.
The Goverment don't like Richard " I'm not a tax exile" Branson. He sued the NHS and fucked up train franchises.
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By (user no longer on site)
over a year ago
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"Of course no mention of Delta Airlines who own 29% of Virgin and made a 4.8 billion dollar profit in 2019. They may be good for a loan "
Delta own 49%, the virgin group the remaining 51%. Delta can’t/won’t help though, they’ve taken some state aid themselves and have basically said they need to protect their own airline not support other investments.
Bransons image is taking a huge battering over this, and as he’s the face of so many of his virgin branded companies he needs to step in and sort it. |
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"Hes not a nice guy, but its still not right to let the entire lot collapse, think of peoples jobs, why do over all those people just to spite him.
No one is saying throw the reported number of 8000 people in the UK on the scrap heap but the facts are that people like Branson are tax evaders, the system yes needs to change but probably won't as its rife..
Btw how did Branson treat his workers with this pandemic?
"
Office staff were furloughed, crew have been told they are taking unpaid leave and some aircraft engineers have bern laid off. |
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By (user no longer on site)
over a year ago
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"Of course no mention of Delta Airlines who own 29% of Virgin and made a 4.8 billion dollar profit in 2019. They may be good for a loan "
no one ever mentions this. Delta own 49% and the Branson family own 51% of Virgin Atlantic. So I’m not sure where this leaves the company when it comes to bailing them out..... |
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By *ENGUYMan
over a year ago
Hull |
Earlier this week, the UK Govt announced they have appointed a consortium of 3 major USA Banks to look into the Virgin Group's finances before any decision is made over his loan request.
But apparently, Branson and his relationship with some non-UK banks isn't good. Branson is running scared. |
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"Earlier this week, the UK Govt announced they have appointed a consortium of 3 major USA Banks to look into the Virgin Group's finances before any decision is made over his loan request.
But apparently, Branson and his relationship with some non-UK banks isn't good. Branson is running scared."
Branson can’t secure commercial lending
On a very low level, there isn’t enough security for what is a very high risk situation . |
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"Earlier this week, the UK Govt announced they have appointed a consortium of 3 major USA Banks to look into the Virgin Group's finances before any decision is made over his loan request.
But apparently, Branson and his relationship with some non-UK banks isn't good. Branson is running scared.
Branson can’t secure commercial lending
On a very low level, there isn’t enough security for what is a very high risk situation ."
He may have to make personal sacrifices then. He's done very well by not making tax payments here, for starters. |
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"Earlier this week, the UK Govt announced they have appointed a consortium of 3 major USA Banks to look into the Virgin Group's finances before any decision is made over his loan request.
But apparently, Branson and his relationship with some non-UK banks isn't good. Branson is running scared.
Branson can’t secure commercial lending
On a very low level, there isn’t enough security for what is a very high risk situation .
He may have to make personal sacrifices then. He's done very well by not making tax payments here, for starters. "
Rishi isn’t falling for the sob sob story ...
Then again 8,000 jobs 
What to do ??? |
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"Rishi isn’t falling for the sob sob story ...
Then again 8,000 jobs
What to do ???"
Fuck Branson. As for the 8,000 jobs - they can all retrain for new kinds of work.
It's the Tory way - and if it was good enough for miners and steelworkers, it's good enough for airline staff.
Or is there to be a double standard? |
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By (user no longer on site)
over a year ago
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"Rishi isn’t falling for the sob sob story ...
Then again 8,000 jobs
What to do ???
Fuck Branson. As for the 8,000 jobs - they can all retrain for new kinds of work.
It's the Tory way - and if it was good enough for miners and steelworkers, it's good enough for airline staff.
Or is there to be a double standard?"
The way I see it one of the following things will happen ....
He gets his bailout and carries on
He doesn’t get his bailout, but manages to finance it himself either through current personal cash wealth or maybe selling it or re financing other assets, and carries on
He lets it go under. Someone else steps in and picks it up, and it carries on
I just can’t see it ending and no one else taking it on, so I think some if not all of the jobs will be saved |
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By *adMerWoman
over a year ago
Sandwich |
"Rishi isn’t falling for the sob sob story ...
Then again 8,000 jobs
What to do ???
Fuck Branson. As for the 8,000 jobs - they can all retrain for new kinds of work.
It's the Tory way - and if it was good enough for miners and steelworkers, it's good enough for airline staff.
Or is there to be a double standard?"
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Fuck him. Should have paid their taxes and then maybe the UK government would help.
He can sort it out for himself by re-financing I'm sure and using his many many assets as a gaurentee.
And maybe in the meantime put on hold the ridiculous space project mars nonsense.
And if that doesn't work and the company is going under then maybe the government could step in to save the thousands of jobs with the clause that he loses all control and anything to do with the company. |
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By (user no longer on site)
over a year ago
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Minimum and far from unreasonable threshold for a tax payer bailout should be that you actually pay tax. Maybe add the caveat that if you've previously sued the NHS for not awarding you a contract you are ineligible too.
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A few billionaires are going to have to accept a new society when this is all over. This shit needs paying for and there's no way the country will accept new austerity.
Personally, after clamping down properly on Virgin, Google etc I'd add additional safety nets for the worst off by increasing the zero tax threshold to 14k, then increase the 20% to 23% initially, 40% to 45% and 45% to 50%. Also lower vat to encourage spending.
Keep the railways under state control now it's already started and if Virgin collapsed I'd take it over as a national operater. BA should never have been sold in the first place. Air travel is too profitable for the state not to have it's own airline. It's almost negligence not to have one! Nationalisation doesn't have to mean communism.
Time for a new thread - fantasy budget  |
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"Just to be clear, he is not asking for a bailout, hes asking for a loan, and is willing to put his island up as collateral. He also has very little money in the bank, its all assets, so when your cash income stops, and you have only assets, what else is there to do but use them to raise some money, its certainly not the time to sell them, so collateral on a loans a pretty good idea, uk government gets the money back, or we take his private Caribbean island, worth a few quid I bet. In the long run it will save jobs, people really do like to bash Branson a lot, I dont think very highly of him but the media reporting of this is wrong in a lot of news outlets."
He wanted a loan from the government which is at preferential rates, why should he be entitled to that?
If his island is good collateral he can go to the markets for a loan. |
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"Minimum and far from unreasonable threshold for a tax payer bailout should be that you actually pay tax. Maybe add the caveat that if you've previously sued the NHS for not awarding you a contract you are ineligible too.
"
This..
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"Earlier this week, the UK Govt announced they have appointed a consortium of 3 major USA Banks to look into the Virgin Group's finances before any decision is made over his loan request.
But apparently, Branson and his relationship with some non-UK banks isn't good. Branson is running scared.
Branson can’t secure commercial lending
On a very low level, there isn’t enough security for what is a very high risk situation .
He may have to make personal sacrifices then. He's done very well by not making tax payments here, for starters.
Rishi isn’t falling for the sob sob story ...
Then again 8,000 jobs
What to do ???"
I wonder how many of the 8000 are British?
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By (user no longer on site)
over a year ago
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It’s being reported this morning that he’s shelved efforts to get government help and has set a deadline of the end of May to find an investor / investors to buy his stake
But he also doesn’t rule out going into administration
There will be plenty of wealthy funds eyeing it up no doubt |
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"Minimum and far from unreasonable threshold for a tax payer bailout should be that you actually pay tax. Maybe add the caveat that if you've previously sued the NHS for not awarding you a contract you are ineligible too.
This..
"
If Virgin Atlantic Ltd doesn’t make a profit - no tax can be paid.
The no profit business does employ 8,000 people.
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By (user no longer on site)
over a year ago
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"Minimum and far from unreasonable threshold for a tax payer bailout should be that you actually pay tax. Maybe add the caveat that if you've previously sued the NHS for not awarding you a contract you are ineligible too.
This..
If Virgin Atlantic Ltd doesn’t make a profit - no tax can be paid.
The no profit business does employ 8,000 people.
"
Yes but Branson himself hasn’t paid any income tax in this country for over 10 years. So I think people’s arguments are, if you don’t pay in then don’t expect to be paid out |
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By (user no longer on site)
over a year ago
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Perhaps if he sold his half baked space vanity wanking project Virgin Galactic which has pissed money down the drain for decades it might improve his situation. No sympathy for him. Ironic that Virgin looks like it's fucked |
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"
If Virgin Atlantic Ltd doesn’t make a profit - no tax can be paid.
The no profit business does employ 8,000 people.
"
Sounds like it's not a viable business if it doesn't run at a profit.
Nice of him to employ 8000 people as a social enterprise though. |
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Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!!  |
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"Perhaps if he sold his half baked space vanity wanking project Virgin Galactic which has pissed money down the drain for decades it might improve his situation. No sympathy for him. Ironic that Virgin looks like it's fucked"
I'd imagine buyers would be queued round the block 
Without enterprise there would be nothing.
Imagine what the peasants said about the wright brothers |
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By (user no longer on site)
over a year ago
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"Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!! "
Who has quoted u 90 days may I ask ? |
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In November 2017 the NHS paid an undisclosed settlement to Sir Richard Branson’s Virgin Care after the threat of legal action.
Branson’s Virgin Care started High Court proceedings against NHS England in 2016 after the private healthcare group lost its bid to provide children’s services in Surrey.
In November 2016, Virgin Care sued six Surrey clinical commissioning groups, NHS England and Surrey County Council after the three-year £82 million healthcare deal was awarded to a group of in-house NHS providers and a social enterprise. |
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By (user no longer on site)
over a year ago
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As far as I know, since Thatcher’s days the tories have loved destroying manufacturing (and thereby the power of the unions) in this country and have favoured the creation of arcane and barely legitimate investment schemes by the city of London and the inherent dubious accounting that leads to the thriving offshore world of the bvi, gibraltar, etc where dodgy billionaires hide their fortunes but even they dont want to bail out Branson. He has over stretched himself massively and his businesses are in a perfect storm of lack of demand and over geared loans - how much money would any government think is worth pissing up the wall to save virgin? |
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"Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!!
Who has quoted u 90 days may I ask ?"
Spoke to virgin call line ...said we could have a refund but may take 90 days .... |
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By (user no longer on site)
over a year ago
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"
If Virgin Atlantic Ltd doesn’t make a profit - no tax can be paid.
The no profit business does employ 8,000 people.
Sounds like it's not a viable business if it doesn't run at a profit.
Nice of him to employ 8000 people as a social enterprise though."
It's not a viable business, it lost £38.4M in 2018 and £65.6M in 2017 this on a turnover in excess of £2.5 billion in both years.
Any company that can't make a decent profit on that sort of turnover is a basketcase. Branson through a wobbly when the government refused to loan Flybe £100M and put it into administration. The government should stick to it's guns and not lend Virgin Atlantic one penny of our tax money. The 8,000 workforce will be on Furlough until Branson folds the company anyway. |
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By (user no longer on site)
over a year ago
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"
If Virgin Atlantic Ltd doesn’t make a profit - no tax can be paid.
The no profit business does employ 8,000 people.
Sounds like it's not a viable business if it doesn't run at a profit.
Nice of him to employ 8000 people as a social enterprise though.
It's not a viable business, it lost £38.4M in 2018 and £65.6M in 2017 this on a turnover in excess of £2.5 billion in both years.
Any company that can't make a decent profit on that sort of turnover is a basketcase. Branson through a wobbly when the government refused to loan Flybe £100M and put it into administration. The government should stick to it's guns and not lend Virgin Atlantic one penny of our tax money. The 8,000 workforce will be on Furlough until Branson folds the company anyway."
Apparently it’s been re structuring etc and was on track to make a profit this year until the virus blew up |
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By (user no longer on site)
over a year ago
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"Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!!
Who has quoted u 90 days may I ask ? Spoke to virgin call line ...said we could have a refund but may take 90 days ...."
I was quoted upto 3 weeks, over 6 weeks ago. Seems they are making up their own rules. After 90 days u can dispute it with your credit card and they will be aware of that so rather than doing it with 7 days as they are legally bound they are gonna stretch it to the max before credit cards start taking back the cash. |
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"Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!!
Who has quoted u 90 days may I ask ? Spoke to virgin call line ...said we could have a refund but may take 90 days ....
I was quoted upto 3 weeks, over 6 weeks ago. Seems they are making up their own rules. After 90 days u can dispute it with your credit card and they will be aware of that so rather than doing it with 7 days as they are legally bound they are gonna stretch it to the max before credit cards start taking back the cash. "
We didnt pay by credit card...as long as we get money back we are ok with it . |
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By (user no longer on site)
over a year ago
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"Perhaps if he sold his half baked space vanity wanking project Virgin Galactic which has pissed money down the drain for decades it might improve his situation. No sympathy for him. Ironic that Virgin looks like it's fucked
I'd imagine buyers would be queued round the block
Without enterprise there would be nothing.
Imagine what the peasants said about the wright brothers"
The Wright Brothers were only a small outfit. NASA and space agencies are funded bodies and even Space X (I'm not exactly a Musk Fan) have achieved something, Virgin Galactic has essentially done handful of test flights in 20 years massive waste of time, money and the sad passing of two pilots on a crash. |
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By (user no longer on site)
over a year ago
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"Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!!
Who has quoted u 90 days may I ask ? Spoke to virgin call line ...said we could have a refund but may take 90 days ....
I was quoted upto 3 weeks, over 6 weeks ago. Seems they are making up their own rules. After 90 days u can dispute it with your credit card and they will be aware of that so rather than doing it with 7 days as they are legally bound they are gonna stretch it to the max before credit cards start taking back the cash. We didnt pay by credit card...as long as we get money back we are ok with it ."
That completely sucks,hope you both get your money back. Very true companies are all to quick to take money, but don't half take their time when they need to refund it. Probably doesn't help that most the staff are on furlough, unpaid leave or out of a job. The regular working people always get affected. Where as old beard Branson will be all well and minted on that island of his. The system fails yet again. |
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"Should have been flying out to New York today with Virgin...also hotel booked with them...4k paid .......having to wait 90 days yes 90 days for refund .....Virgin was quick to take our money !!...but not so quick returning it !!!
Who has quoted u 90 days may I ask ? Spoke to virgin call line ...said we could have a refund but may take 90 days ....
I was quoted upto 3 weeks, over 6 weeks ago. Seems they are making up their own rules. After 90 days u can dispute it with your credit card and they will be aware of that so rather than doing it with 7 days as they are legally bound they are gonna stretch it to the max before credit cards start taking back the cash. We didnt pay by credit card...as long as we get money back we are ok with it .
That completely sucks,hope you both get your money back. Very true companies are all to quick to take money, but don't half take their time when they need to refund it. Probably doesn't help that most the staff are on furlough, unpaid leave or out of a job. The regular working people always get affected. Where as old beard Branson will be all well and minted on that island of his. The system fails yet again."
Virgin Atlantic has been put up for sale by its founder and main shareholder, Richard Branson, The Telegraph reports.
Some fifty potential investors have been informed of the terms of the sale. |
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Deserves all he gets. Sued the NHS for 80 odd mil and threw his toys out of the pram when he lost the west coast franchise a couple of years ago then hides away on his own island to avoid UK tax. Maybe he should ask trump to bail him out as virgin is 49 % owned by delta. Anyone who registers a company outside the UK or has treated its work force to save themselves a few quid should be avoided at all costs when this is over. Same with the Instagram Influencers who basically blag free stuff and live off handouts should be ignored. There was a BBC article about them and one was complaining they hadnt been away since February and one had nowhere to go and show off his new handbags ffs. Shows how mad the world had become. |
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"Deserves all he gets. Sued the NHS for 80 odd mil and threw his toys out of the pram when he lost the west coast franchise a couple of years ago then hides away on his own island to avoid UK tax. Maybe he should ask trump to bail him out as virgin is 49 % owned by delta. Anyone who registers a company outside the UK or has treated its work force to save themselves a few quid should be avoided at all costs when this is over. Same with the Instagram Influencers who basically blag free stuff and live off handouts should be ignored. There was a BBC article about them and one was complaining they hadnt been away since February and one had nowhere to go and show off his new handbags ffs. Shows how mad the world had become. "
His stock has certainly took a nose dive recently |
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By (user no longer on site)
over a year ago
|
"Just to be clear, he is not asking for a bailout, hes asking for a loan, and is willing to put his island up as collateral. He also has very little money in the bank, its all assets, so when your cash income stops, and you have only assets, what else is there to do but use them to raise some
money, its certainly not the time to sell them, so collateral on a loans a pretty good idea, uk government gets the money back, or we take his private Caribbean island, worth a few quid I bet. In the long run it will save jobs, people really do like to bash Branson a lot, I dont think very
highly of him but the media reporting of this is wrong in a lot of news outlets."
How can you think highly of a man that sues the NHS !!! |
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I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
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By *umpkinMan
over a year ago
near the sounds of the wimborne quarter jack! |
Virgin got shafted over the West Coast railway franchise renewal by the government after they had started with the worst rolling stock they could have been lumbered with and transformed the service beyond recognition. |
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
"
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock. |
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock."
I think you need to investigate further what happened with Virgin care and the NHS. Didn't I read all the money went back to the NHS ?
You should also know that the NHS fucks up tenders day and daily and pay out a fortune in compensation
They also pay a small fortune in negligence claims because it's easier to pay than to fight them
I've no idea how much virgin pay in corporation tax and I suspect you don't either. I do know that the HMRC aren't stupid and will collect what's due.
I've no idea either how much it costs to fund an airline when there is no revenue what so ever but I imagine it's not pocket change
You should also realise that the richest people in the world probably don't have access to millions of pounds in cash, if they did they would be too stupid to be rich. I don't think he wants a handout, be wants a loan to keep the company going and pay the bills ... Airplanes cost nearly as much to keep on the ground as they do in the air ... And presumably the loan would be repaid over am agreed term. Why would he offer his island as collateral if he had the money in the bank
I don't know him or much about him other than from his visit to rathlin but I don't think it's fair to slag someone when they are down.
At the end of the day every airline that goes busy removes competition and inevitably it's us who will pay more to go on holiday and that's what I DO CARE ABOUT |
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"Just seen a Virgin Media 'helping you keep in touch' advert. That slimy hippy t***'s got some nerve!
He does not own virgin media.
Never let the truth get in the way of bullshit "
You can write on the back of a stamp what I know (or what I want to know) about Virgin Media. Excuse me for seeing it and associating it with Mr B.
Flicked the telly on after being on the garden all day and several adverts capitalising on the current crisis sprung up. |
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock.
I think you need to investigate further what happened with Virgin care and the NHS. Didn't I read all the money went back to the NHS ?
You should also know that the NHS fucks up tenders day and daily and pay out a fortune in compensation
They also pay a small fortune in negligence claims because it's easier to pay than to fight them
I've no idea how much virgin pay in corporation tax and I suspect you don't either. I do know that the HMRC aren't stupid and will collect what's due.
I've no idea either how much it costs to fund an airline when there is no revenue what so ever but I imagine it's not pocket change
You should also realise that the richest people in the world probably don't have access to millions of pounds in cash, if they did they would be too stupid to be rich. I don't think he wants a handout, be wants a loan to keep the company going and pay the bills ... Airplanes cost nearly as much to keep on the ground as they do in the air ... And presumably the loan would be repaid over am agreed term. Why would he offer his island as collateral if he had the money in the bank
I don't know him or much about him other than from his visit to rathlin but I don't think it's fair to slag someone when they are down.
At the end of the day every airline that goes busy removes competition and inevitably it's us who will pay more to go on holiday and that's what I DO CARE ABOUT"
From what I read that sued 6 trusts leaving 1 in financial difficulty.They sued them because they hant been awarded a contract.
I read 1 piece which said they had paid the money back which begs the question..why sue them in the 1st place.
A cunts trick and just because other people do it doesnt make it ok.
|
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock.
I think you need to investigate further what happened with Virgin care and the NHS. Didn't I read all the money went back to the NHS ?
You should also know that the NHS fucks up tenders day and daily and pay out a fortune in compensation
They also pay a small fortune in negligence claims because it's easier to pay than to fight them
I've no idea how much virgin pay in corporation tax and I suspect you don't either. I do know that the HMRC aren't stupid and will collect what's due.
I've no idea either how much it costs to fund an airline when there is no revenue what so ever but I imagine it's not pocket change
You should also realise that the richest people in the world probably don't have access to millions of pounds in cash, if they did they would be too stupid to be rich. I don't think he wants a handout, be wants a loan to keep the company going and pay the bills ... Airplanes cost nearly as much to keep on the ground as they do in the air ... And presumably the loan would be repaid over am agreed term. Why would he offer his island as collateral if he had the money in the bank
I don't know him or much about him other than from his visit to rathlin but I don't think it's fair to slag someone when they are down.
At the end of the day every airline that goes busy removes competition and inevitably it's us who will pay more to go on holiday and that's what I DO CARE ABOUT
From what I read that sued 6 trusts leaving 1 in financial difficulty.They sued them because they hant been awarded a contract.
I read 1 piece which said they had paid the money back which begs the question..why sue them in the 1st place.
A cunts trick and just because other people do it doesnt make it ok.
"
Read the full story of what happened, who was at fault and the outcome.
You'll have to dig a bit to find it because it's gone way way down the list in Google search due to the media hype over the last few weeks
I've been involved in NHS tenders and the legal framwwork is a nightmare.
Even the purchasing department can't explain half of it
It's frequent that when a tender is awarded they deliberately don't pick the one that should have won it for one reason or another and then the lawyers get stuck in,
Forn example a tender could be based 80% on quality and 20% on cost so the panel score it and it goes to the most expensive and they won't want that so they take the hit in compensation.
It could be 80% cost and 20% quality and yes I was involved in one two years ago. As you would expect the cheapest tender won. Down side was although the product was cheaper the process was so labour intensive they would have to increase the workforce by almost 3 times so guess what, they took the hit in compensation.
I'm not saying that's what happened virgin care but it's the ridiculous state of the running of the NHS purchasing system
I could give you dozens of examples but you get the gist.
I'm glad to have retired and left it to somebody else
|
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock.
I think you need to investigate further what happened with Virgin care and the NHS. Didn't I read all the money went back to the NHS ?
You should also know that the NHS fucks up tenders day and daily and pay out a fortune in compensation
They also pay a small fortune in negligence claims because it's easier to pay than to fight them
I've no idea how much virgin pay in corporation tax and I suspect you don't either. I do know that the HMRC aren't stupid and will collect what's due.
I've no idea either how much it costs to fund an airline when there is no revenue what so ever but I imagine it's not pocket change
You should also realise that the richest people in the world probably don't have access to millions of pounds in cash, if they did they would be too stupid to be rich. I don't think he wants a handout, be wants a loan to keep the company going and pay the bills ... Airplanes cost nearly as much to keep on the ground as they do in the air ... And presumably the loan would be repaid over am agreed term. Why would he offer his island as collateral if he had the money in the bank
I don't know him or much about him other than from his visit to rathlin but I don't think it's fair to slag someone when they are down.
At the end of the day every airline that goes busy removes competition and inevitably it's us who will pay more to go on holiday and that's what I DO CARE ABOUT
From what I read that sued 6 trusts leaving 1 in financial difficulty.They sued them because they hant been awarded a contract.
I read 1 piece which said they had paid the money back which begs the question..why sue them in the 1st place.
A cunts trick and just because other people do it doesnt make it ok.
Read the full story of what happened, who was at fault and the outcome.
You'll have to dig a bit to find it because it's gone way way down the list in Google search due to the media hype over the last few weeks
I've been involved in NHS tenders and the legal framwwork is a nightmare.
Even the purchasing department can't explain half of it
It's frequent that when a tender is awarded they deliberately don't pick the one that should have won it for one reason or another and then the lawyers get stuck in,
Forn example a tender could be based 80% on quality and 20% on cost so the panel score it and it goes to the most expensive and they won't want that so they take the hit in compensation.
It could be 80% cost and 20% quality and yes I was involved in one two years ago. As you would expect the cheapest tender won. Down side was although the product was cheaper the process was so labour intensive they would have to increase the workforce by almost 3 times so guess what, they took the hit in compensation.
I'm not saying that's what happened virgin care but it's the ridiculous state of the running of the NHS purchasing system
I could give you dozens of examples but you get the gist.
I'm glad to have retired and left it to somebody else
"
I read about 10 sources and they all seemed to giving the general gist.
1 piece said he had paid it back and another said they never made any profit from it.
I work in the private sector and a company won a contract (I'm guessing the cheapest)and they were an absolute disaster..ended up wasting millions so it duesnt just happen in the NHS.
Either way suing the nhs isnt going to endear him to the public even of he did pay it back. |
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock.
I think you need to investigate further what happened with Virgin care and the NHS. Didn't I read all the money went back to the NHS ?
You should also know that the NHS fucks up tenders day and daily and pay out a fortune in compensation
They also pay a small fortune in negligence claims because it's easier to pay than to fight them
I've no idea how much virgin pay in corporation tax and I suspect you don't either. I do know that the HMRC aren't stupid and will collect what's due.
I've no idea either how much it costs to fund an airline when there is no revenue what so ever but I imagine it's not pocket change
You should also realise that the richest people in the world probably don't have access to millions of pounds in cash, if they did they would be too stupid to be rich. I don't think he wants a handout, be wants a loan to keep the company going and pay the bills ... Airplanes cost nearly as much to keep on the ground as they do in the air ... And presumably the loan would be repaid over am agreed term. Why would he offer his island as collateral if he had the money in the bank
I don't know him or much about him other than from his visit to rathlin but I don't think it's fair to slag someone when they are down.
At the end of the day every airline that goes busy removes competition and inevitably it's us who will pay more to go on holiday and that's what I DO CARE ABOUT
From what I read that sued 6 trusts leaving 1 in financial difficulty.They sued them because they hant been awarded a contract.
I read 1 piece which said they had paid the money back which begs the question..why sue them in the 1st place.
A cunts trick and just because other people do it doesnt make it ok.
Read the full story of what happened, who was at fault and the outcome.
You'll have to dig a bit to find it because it's gone way way down the list in Google search due to the media hype over the last few weeks
I've been involved in NHS tenders and the legal framwwork is a nightmare.
Even the purchasing department can't explain half of it
It's frequent that when a tender is awarded they deliberately don't pick the one that should have won it for one reason or another and then the lawyers get stuck in,
Forn example a tender could be based 80% on quality and 20% on cost so the panel score it and it goes to the most expensive and they won't want that so they take the hit in compensation.
It could be 80% cost and 20% quality and yes I was involved in one two years ago. As you would expect the cheapest tender won. Down side was although the product was cheaper the process was so labour intensive they would have to increase the workforce by almost 3 times so guess what, they took the hit in compensation.
I'm not saying that's what happened virgin care but it's the ridiculous state of the running of the NHS purchasing system
I could give you dozens of examples but you get the gist.
I'm glad to have retired and left it to somebody else
I read about 10 sources and they all seemed to giving the general gist.
1 piece said he had paid it back and another said they never made any profit from it.
I work in the private sector and a company won a contract (I'm guessing the cheapest)and they were an absolute disaster..ended up wasting millions so it duesnt just happen in the NHS.
Either way suing the nhs isnt going to endear him to the public even of he did pay it back."
Anyway, it's my nature to always look for the best in people and ignore rumours
Maybe he's a ballbag maybe hes not but he never did me any harm so I'll give him the benefit of the doubt for now |
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"I loathe Branson as much as the next person but I struggle to see why he gets criticised for not paying tax in this country.
He doesn’t live here. Yes he’s a tax exile but there are plenty like him from pop stars to film stars. So why should he pay UK tax if he doesn’t live here?
UK based companies in the Virgin Group pay UK taxes, so what if he doesn’t, he doesn’t live here so doesn’t use UK services etc.
He’s made billions but he’s asset rich and cash poor. If he’s after a hand out he should sell a few assists like he did in the past before he seeks state aid.
Apparently virgin healthcare hasnt paid a penny in cooperation tax.
He sued the NHS for missing out on a contract.
He lives abroad to avoid paying tax here.
He does contribute to charity and he is isnt the only tax exile around but his rep has certainly took a knock.
I think you need to investigate further what happened with Virgin care and the NHS. Didn't I read all the money went back to the NHS ?
You should also know that the NHS fucks up tenders day and daily and pay out a fortune in compensation
They also pay a small fortune in negligence claims because it's easier to pay than to fight them
I've no idea how much virgin pay in corporation tax and I suspect you don't either. I do know that the HMRC aren't stupid and will collect what's due.
I've no idea either how much it costs to fund an airline when there is no revenue what so ever but I imagine it's not pocket change
You should also realise that the richest people in the world probably don't have access to millions of pounds in cash, if they did they would be too stupid to be rich. I don't think he wants a handout, be wants a loan to keep the company going and pay the bills ... Airplanes cost nearly as much to keep on the ground as they do in the air ... And presumably the loan would be repaid over am agreed term. Why would he offer his island as collateral if he had the money in the bank
I don't know him or much about him other than from his visit to rathlin but I don't think it's fair to slag someone when they are down.
At the end of the day every airline that goes busy removes competition and inevitably it's us who will pay more to go on holiday and that's what I DO CARE ABOUT
From what I read that sued 6 trusts leaving 1 in financial difficulty.They sued them because they hant been awarded a contract.
I read 1 piece which said they had paid the money back which begs the question..why sue them in the 1st place.
A cunts trick and just because other people do it doesnt make it ok.
Read the full story of what happened, who was at fault and the outcome.
You'll have to dig a bit to find it because it's gone way way down the list in Google search due to the media hype over the last few weeks
I've been involved in NHS tenders and the legal framwwork is a nightmare.
Even the purchasing department can't explain half of it
It's frequent that when a tender is awarded they deliberately don't pick the one that should have won it for one reason or another and then the lawyers get stuck in,
Forn example a tender could be based 80% on quality and 20% on cost so the panel score it and it goes to the most expensive and they won't want that so they take the hit in compensation.
It could be 80% cost and 20% quality and yes I was involved in one two years ago. As you would expect the cheapest tender won. Down side was although the product was cheaper the process was so labour intensive they would have to increase the workforce by almost 3 times so guess what, they took the hit in compensation.
I'm not saying that's what happened virgin care but it's the ridiculous state of the running of the NHS purchasing system
I could give you dozens of examples but you get the gist.
I'm glad to have retired and left it to somebody else
I read about 10 sources and they all seemed to giving the general gist.
1 piece said he had paid it back and another said they never made any profit from it.
I work in the private sector and a company won a contract (I'm guessing the cheapest)and they were an absolute disaster..ended up wasting millions so it duesnt just happen in the NHS.
Either way suing the nhs isnt going to endear him to the public even of he did pay it back.
Anyway, it's my nature to always look for the best in people and ignore rumours
Maybe he's a ballbag maybe hes not but he never did me any harm so I'll give him the benefit of the doubt for now"
He is certainly not the only tax exile around..and he does seem to be getting a fair share of flak. |
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"Virgin got shafted over the West Coast railway franchise renewal by the government after they had started with the worst rolling stock they could have been lumbered with and transformed the service beyond recognition. "
They certainly didn't get shafted over west Coast. Yes they improved it but only after years of shambolic management. Branson threw his toys out when they lost to first horizon a few years back and managed to hold on to it even tho the franchise has been awarded and announced to first group. Then he bought a share in East Coast so he could have both routes to London. Slimy twat. I hope people remember what's gone on and avoid these companies like virgin and sports direct Wetherspoons etc. |
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