Originally Posted by
dead_pan
Well, if it all goes south we'll all get a timeshare in a lovely Caribbean island. That'll be our holidays sorted forever.
Unfortunately not..he is not proposing to use the Island as collateral against a loan from the Government, only against loans from the private sector banks.
The billionaire later confirmed that he is not offering Necker Island as collateral on loans from the UK taxpayer, but only as security against commercial loans.
“He and the team at Virgin Group will use the resources available to them which could even include raising money against Necker,” his spokesperson said. “He does not state that Necker Island would be used as collateral against any potential government support Virgin Atlantic may receive.”