Episode Synopsis "Should the UK bail out Richard Branson’s Virgin Atlantic?"

Presented by Anushka Asthana with Rupert Neate; produced by Hannah Moore and Axel Kacoutié; executive producers Nicole Jackson and Phil Maynard Thu 30 Apr 2020 03.00 BST The billionaire Sir Richard Branson, who founded Virgin Atlantic in 1984 and retains a 51% stake alongside US airline Delta with 49%, is pleading for UK government support. But the plea has prompted a substantial backlash, with many pointing out that the entrepreneur has paid the exchequer no personal income tax since moving to the tax-free British Virgin Islands 14 years ago. The Guardian wealth correspondent, Rupert Neate, tells Anushka Asthana about the founding of Virgin Atlantic and why, along with many other airlines, it finds itself in such financial peril. Rupert says that if the company is unable to secure financial help, it may go bust.

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