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Sir Richard Branson slammed for obtaining money from UK Taxpayers

Syed Umarullah HussainiWeb Editor

26th Apr, 2020. 10:45 am
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Sir Richard Branson

British Billionaire Sir Richard Branson yet again hit headlines after getting accused for obtaining great deal of money from UK Taxpayers.

Ryanair Chief Executive Officer Michael O’Leary slammed Virgin Airline Boss for trying to “fleece” British taxpayers.

According to Ryanair CEO British Billionaire Sir Richard Branson demanded a £500million loan to keep his Virgin Atlantic airline afloat during the coronavirus lockdown.

Micheal O’Leary said Branson should write a cheque to bail himself out.

Sir Richard also put airline staff on unpaid leave after hundreds of flights grounded.

He told in an interview: “Virgin Atlantic is ridiculous.

“But this is Branson’s second go at trying to fleece the British taxpayer for state aid.

“He tried it with Flybe, which owned by Delta, himself and a New York venture capitalist company.

“Now you have Virgin Atlantic, owned by Delta and a Caribbean based non-resident billionaire. Frankly, if he’s worried about Virgin he should write the cheque himself”

He went on: “It’s not like he’s short of money. You know his Virgin Galatic investment is worth about £1.3 billion today.

“So sitting in the Virgin Islands as a tax exile, asking the British government to bail you out, when you have more than sufficient resources to bail out Virgin Atlantic yourself is not something I believe that should be considered.”

Furthermore Mr O’Leary’s fury comes as a petition to strip the entrepreneur of his knighthood has gathered nearly 30,000 signatures.

Moreover campaign branded the Branson a “disgrace” and claim he has not paid personal income tax for 14 years.

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