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Friday 17 April 2020

KILLING LONDON'S GOLDEN EGG LAYING GEESE

A reader-well known in the creative sector-points out a glaring anomaly in government support for the creative industries. 
Not massive multinational concerns but the hundreds of highly skilled and irreplaceable craftsmen London is noted for.
As an example, the jewelry industry relies upon a raft of stone setters, polishers and diamond mounters: yet none of these vital workers are being given Business Rate Covid Relief.
Extending the example to other sectors....independent gunmakers, gilders, furniture restorers, painters, stone masons and weavers all are faced with having to pay business busting business rates despite turnover dropping to all-time lows.


Rupert
Billionaire owner of Richemont

Yet, here are just two glaring anomalies...
Richemont, a $42 billion Swiss based owner of luxury brands has total Business Rates Relief. 





Another is Kering, a $61 billion French brand company owned by the mega rich French Pinault family.




Pinault
Billionaire owner of Kering

 It looks like it's 'small people' may not matter to this government. 
That's madness....they are the backbone of London's world-renowned creative  industries.


9 comments:

  1. I love it!!
    These billionaires with no real interest in London apart from flogging their overpriced tat get government aid but not the one, two three, four man bands. I expect Richment and Kering look after people!

    ReplyDelete
  2. This is a political shot in own foot. Apart from neglecting those who truly need help. The Dame is right. Someone needs to shake the Cabinet. Chelsea and Fulham MP Greg Hands should pick this up. He knows the Dame, knows the Government, and his heart is in the right place

    ReplyDelete
    Replies
    1. What is Greg Hands doing about this?

      Delete
    2. Kensington Tory18 April 2020 at 10:34

      Commiserations to Greg on the loss of his father to the virus

      Delete
  3. Rupert and Pinault!! Immesley rich fat cats with not the slightest interest in fellow man. They should not be receiving a single Rand or a single Euro of tax payers money.

    ReplyDelete
  4. Fuming Resident17 April 2020 at 20:55

    More examples...
    Also explicitly from BRR is the entire private medical industry- again, smallest businesses are most vulnerable, with the small practices such as chiropractors, sports therapists, dermatologists taking the heaviest hit; private health enterprises, such as addiction clinics and mental health practices, whose survival is essential because of the woeful State alternative, will receive no BRR relief. Local solicitors, consultants, and IT firms are also denied breathing space.

    ReplyDelete
  5. friends in high places21 April 2020 at 09:20

    all buddies together? call in a favour, make a call - all set, roll together; govt, wrld leaders, celebs, money makers sharing the same p-jet airports, islands, parties, davos etc - small world. what do you expect?

    ReplyDelete
  6. Clear The Swamp21 April 2020 at 11:45

    Now tax exile Branson wants a bailout

    It sucks

    ReplyDelete
  7. its who you know, not what you know21 April 2020 at 12:46

    surely this is just standard behaviour in rbkc, haven't we seen it all before in different ways/scales throughout the whole fabric of the borough?

    ReplyDelete

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