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Wednesday, 06 May 2020

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  • Virgin Atlantic job cuts were the only route to Treasury coffersBillionaire Branson will have a tough time getting a hearing for the fantastical ÂŁ500m of state aid he requires. What did he expect?Here’s the bit Sir Richard Branson didn’t mention in his open letter to Virgin employees a fortnight ago: the only possible route to the Treasury’s wallet involves almost a third of the 10,000 staff at the Virgin Atlantic losing their jobs.The jobs decision hadn’t been taken at the time but Branson could still have foreshadowed an obvious threat. Government ministers were never going to throw ÂŁ500m of taxpayers’ money, or some such sum, in Virgin Atlantic’s direct...

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