Monday, 20 April 2020

Virgin On The Obscene?

If Richard Branson's or any other business cannot survive without State Aid, such as the British State is once again free to pay after Brexit, then that business is monetarily worthless. If it is nevertheless of some social, cultural or political importance, then the State should take it over for nothing. 

Or at the very least take at no cost a large enough stake to ensure board level representation, for the exercise of which the First Lord of the Treasury and the Chancellor of the Exchequer should be accountable to the House of Commons. Any eventual dividend should be divided equally among the holders of all National Insurance numbers. 

As of today, the State is already taking stakes in certain startups and others. Now to look at who will control those stakes, and at who will reap any eventual rewards from them. This was the kind of thing that Jeremy Corbyn's supporters could never get through this, that and the other committee of the Labour Party. Boris Johnson and Rishi Sunak are just getting on and doing them. The Centre is the think tank for this new era. Please give generously.

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