O/T Coronavirus Thread (3)

[gm_gm]

Gm. If there is no liquidity crisis why did Sunak make a mind boggling £300bn available to business?

Why has USA made £1.7trillion available.

Why did TUI need a £1.7bn bailout from the German Gov.

Why is Branson out with his begging bowl and willing to remortgage his Island to put cash in his business.

Please think outside your banking bubble.

Thats not the definition of a liquidity crisis! Liquidity is capital not being readily available and shortage of funding lines...the statement you have made above contradicts yourself.

Business needing access to capital is a cash flow crisis due to the fact they are not trading, a big difference.

[howdydoo]

Yup

[WanChaiMiller]

Branson is after a taxpayer bailout calling for it from his tax haven in the West Indies. Should we give his company money? Is the moral dilemma that if we dont its ordinary people in the UK that suffer.

Hes threatened to close Virgin Australia if he doesnt get a bailout over there.

[howdydoo]

Virgin Australia had $5 billion (AUS $) of debt.

No moral dilemma at all. I imagine his company has furloughed a lot of workers. What do you think we are doing already? He needs to change the record or plough some of his £4 billion of personal wealth into saving it.

Ordinary people caught up this high profile case will suffer but do you think they're alone.

If the company want to help the airline industry, fair enough but all companies should get equal help.

[animallittle3]

Branson is after a taxpayer bailout calling for it from his tax haven in the West Indies. Should we give his company money? Is the moral dilemma that if we dont its ordinary people in the UK that suffer.

Hes threatened to close Virgin Australia if he doesnt get a bailout over there.

If Branson wants the UK taxpayer to bail him out then it would be a good start if he actually became one himself .

[gm_gm]

Branson is after a taxpayer bailout calling for it from his tax haven in the West Indies. Should we give his company money? Is the moral dilemma that if we dont its ordinary people in the UK that suffer.

Hes threatened to close Virgin Australia if he doesnt get a bailout over there.

Virgin UK have made an application (not a well thought one) for funding, they have been told to explore other options first, one being an equity proposal rather than debt.

Regardless of this turns out they will have to jump through the same hoops as every other British company to acquire financial help. If the oil companies can secure credit lines the airlines should be able to.

[gm_gm]

If Branson wants the UK taxpayer to bail him out then it would be a good start if he actually became one himself .

Branson’s company holds 10% shareholding in VAH hardly bailing him out

[flourbasher]

Some countries have said no to bailing out companies who aren't paying a decent amount of tax if any at all.
I think the more pragmatic govts, like the UK, are thinking a bit more over the horizon and long term regarding lost jobs etc. I presume that's why we haven't been too aggressive with the likes of Amazon and Google in the past.
There's a bigger picture to consider rather than making a knee jerk statement like some countries have done.
I'm sure each case will be carefully considered as to whether it's in the taxpayers interest to provide assistance

[CAMiller]

Turnover is vanity.
Profit is sanity.
Cash is reality.

[WanChaiMiller]

Virgin Aus just gone into administration. First big casualty.

https://www.bbc.co.uk/news/amp/world-australia-52363428