Bermuda Post

Thursday, Oct 01, 2020

BRANSON OFFERED BAILOUT!

BRANSON OFFERED BAILOUT!

Sir Richard Branson has warned that airline Virgin Atlantic needs government support to survive.
In response the Treasury have offered him back ‘ every single penny that he has paid in U.K. tax for the past 14 years’.

Chancellor Rishi Sunak described as an ‘unprecedented offer ‘ but said that he cannot extend it to others as to do so would cost the government money they can ill afford ‘.

Asked how much the offer to Branson would cost the U.K. taxpayer , Mr Sunak said he hasn’t yet calculated it exactly but believes it to be ‘ in the region of zero ‘
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