Richard Branson

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Deskdiary | 20:46 Fri 20th Mar 2020 | News
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This is very left wing for me, but given the extraordinary situation we're facing, if a business owner has three thousand eight hundred million in the bank (£3,800,000,000) doesn't he have a moral obligation to pay his staff during this period rather than expecting them to take unpaid leave?

"On Wednesday in the Commons a Tory MP set out how easy it would be for Sir Richard too pay his staff.

Richard Fuller, who represents North East Bedfordshire, told the Commons:

Mr Fuller said: 'To the point of leaders not doing the right thing I think the experience of Virgin Airlines has been raised, that the owner, or partial owner of Virgin Airlines has suggested that they should take eight weeks of unpaid leave.

'And I decided to look and see how much would that cost.

'Well eight weeks at the £94 statutory sick pay would cost £754 per employee. There are 8,571 employees in Virgin Airlines.

'So if all of them took eight weeks' unpaid leave that would be a cost of £6.4 million.

'Sir Richard Branson's net worth is £3.8 billion dollars. If he's able to get 2 per cent interest on that money for eight weeks, he will earn the equivalent of £9.9 million.

'So I say, Sir Richard Branson, give up your interest on your wealth for eight weeks and pay your employees yourself their unpaid leave.'


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>According to the Sunday Times Rich List, Richard Branson has a net worth of just over £4.5 billion, ranking him at 34th richest in the UK.

Maybe we should start threads on the 33 above him on the list too.

Just shows that the politics of envy isn't just confined to the left- the only difference is that those on the right have selective envy

But with 3.8 billion in assets he can get a profit loan and still be able to pay it back with the extortionate interest rates they charge.

That was provy loan not profit loan lol

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