Richard Branson Steals A Deal

Has Richard Branson really stolen ‘Northern Rock’ Bank from the Tax Payer?

Some people are up in arms claiming that Richard Branson has struck an unfair deal and bought Northern Rock Bank for approx £790 million pounds, half of what the tax payer bailed the bank out for using tax payers money. Let’s put this into prospective and see who really is going to benefit…..

Some years ago, I was presented with an award from Richard Branson for my entrepreneurial skills. Ever since having lunch with him I have been inspired by the way Richard Branson has developed his brand, his empire and the services he provides to the general public all over the world. Mr Branson has always come across as being someone who wants to give something back to the community for helping him become what he is. You only have to look at the many companies he owes and the unique services he offers.

During his campaign bid to run the National Lottery, he promised to give back far more than the current lottery organisers, but for some reason he lost his bid.  Some may think that Mr Branson loves the publicity and yes to a certain extent this comes with the job, but the reality is, he gives more back to the public than most entrepreneurs and far more than most Governments.

Whether Richard Branson has stolen Northern Rock or not is a matter for debate but he very often delivers his promises. Richard has made it clear from the outset that he wants to create a High Street Banking brand so that he can provide more competitive and fairer banking services to ordinary people rather than being ‘ripped off’. The banks have created a global disaster, so maybe it’s about time that someone with a sensible and ‘back to basics’ approach is able to provide Banking Services in a more democratic and sensible way.

The economy depends on ‘Small businesses’ to keep the economy growing. There is no doubt about it that most Banks do not help small businesses enough. It would appear that they put most of them out of business when they choose rather than helping them through difficult times. Richard Branson has always promised that he will provide better and more appealing packages to Small Businesses and I’m convinced he will. No doubt the ‘big boys’ will try and make it difficult for him.

If Mr Branson delivers his promises then the return on his investment will not only reward his bank account, but also to that of the average tax payer. Everyone will have the opportunity to benefit in one way or another. I am convinced that Richard Branson will open up the competition in the Banking World for the general public and Small businesses all to benefit from. As usual he will create some more enemies through jealousy and FAIR COMPETITON.

Some people claim that true and inspiring business Entrepreneurs like the Richard Branson’s, Bill Gates and the Alan Sugars in this world should run our countries, well maybe there is some truth in this way of thinking. Either way my guess is that although Mr Branson may well have had a good deal buying Northern Rock, we will all benefit in one way or another in the long term.

Kind regards
ROY DERRICK