The Beckhams! How greedy can you get?!

[MotherOfAllNameChanges]

https://meaww.com/victoria-beckham-employees-furlough-salary-pay-taxpayers-net-worth-posh?fbclid=IwAR2RmDGxYNRagLSTVBlE6DD1q4QV5ZZqjYspPABAAiBrrTgyFWL15DZydGo

Correct! So for her to claim a grant under the furlough scheme is morally reprehensible. However, it’s not contrary to the terms of the scheme.

I wish it were but even with all the time in the world it is hard to see how a set of conditions excluding rich people with hobby businesses could have been implemented without disadvantaging real businesses who actually need and deserve help.

@DeRigueurMortis , exactly, totally spot on !

It’s supposed to be for successful, thriving businesses, not those that have run at a loss since they were started up.

Not those that run at a loss like the vast majority of companies that ultimately go on to be publicly listed?

Even some big companies like Uber don't actually make any profit still, despite growth and share prices etc. They're still operating despite losing billions.

I don't think there is any rule the Govt could've set in place to stop a non profitable co restrictions on furloughing its staff. Or having to sell a house instead!
However, it's all about public perception and common decency isn't it?

@vera99 re 'hi soc gels'!

You’re right Rousette.

However, it's all about public perception and common decency isn't it?

Yes but I'd also add it should be a last resort for businesses that have no other recourse.

VB and SM both personally have the cash available to pay their staff given their wealth - they just don't want to deplete their personal wealth even at the expense of their own business when they have the opportunity to do otherwise.

Fundamentally they don't want to put their own money at risk.

So a question - if they aren't prepared (or have the confidence) to invest in their own companies to keep them afloat and staff paid then why should the taxpayer?

I don't really think it matters if they can legitimately claim - morally they've shown themselves to be bankrupt.....

Is there any chance that the declared non-existing profit was made to look this bad (legally I mean) to avoid corporation tax bills or it has simply always been a shit business, smoke and mirrors and no real substance? Just wondering to myself.

You mean, is her fashion business secretly making money hand over fist? No. Trust me on this one: I am an accountant.

You can sometimes present a business’s results in a different light, but only for a short period and usually only where the business is engaged in eg long term contracts or projects. In retail, there are few places to hide poor results and no business could pretend to lose millions over > 10 years!

Not aimed at you, but it amuses me when people do the old wink and nose tap about loss-making businesses being operated ‘for tax reasons’. Even if you got full loss relief, the rate of CT in the U.K. is 19%. Would any sensible person throw away £100 to get £19 back?

I imagine the market for £1500 frocks is pretty limited.

You can get them for less from the ‘diffusion line’. I got one for £375 (I know) but I was secure in the knowledge that VB probably can’t thread a needle and had very little involvement in the design of my frock bar simpering down the catwalk after the catwalk show receiving applause for Roland Mouret’s designs.

Don’t disagree that the market for expensive frocks is limited though!

If she'd done a Top Shop priced range rather than Chanel prices she'd have had a lot more success

Hmm, I suspect that DB’s high profile and popularity owes a great deal to Victoria’s canny input into brand Beckham. He wasn’t the most talented footballer of his generation (and was quite actively unpopular at one point) or the most handsome and certainly not the most charismatic. He’s neither bright nor witty. He’s a triumph of marketing over substance.

It’s not about jealousy as regards wealth it’s about seeing greed and abuse of the system in a time when others far less well off are having to go above and beyond. There also seems to be a very two sided system.

However, I’m sad and angry at the inequality. It’s debatable how much tax these people pay, % wise it’s quite possible that average earners pay more.

As above . . . .

She should have gone ' high street' !
A ' posh spice' range. It might have racked it in. ( I know nothing about fashion brands!)

She had a go with Target (US chain) a couple of years ago.

Oh dear.

Some of the designs were ok (Roland Mouret again) but I heard that the fabrics were really cheap and nasty.

I do like the clothes she wears. I would love her figure. V B don't do ' big sizes' so I'll never know what would look good on me.
Maybe in another life.

Cowell and Bannatyne get it the Beckhams and Branson don't. Brand Beckham or whatever else it is has lost far more than paying their staff out of their own pockets ever would. That and isolating in their second home. Wankers.

www.dailymail.co.uk/news/article-8244869/Duncan-Bannatyne-blasts-Richard-Branson-seeking-500m-bailout-save-Virgin-Atlantic.html

See... isn't it funny, VB's style does nothing for me. She's tiny and looks drowned in everything - trousers too long, jackets too big, everything.

A friend of mine, her DD, saw her in a store, and this girl is a size 8-10 and said VB looked far far smaller than her. I think it's quite hard to wear clothes when you are absolutely tiny unless you are like a beanpole.

Thank you Iamthewombat, that makes sense. I wondered if maybe certain things can be rolled over from year to year in certain circumstances to change the picture without actually hiding anything. Although I couldn’t think why would someone in their position need to do that. I’m sure they are advised to get maximum benefit, within the rules, out of all of their investments and ventures because nothing makes money like money.
I guess it truly is a proper hobby for her after all.

The items in the collections don’t necessarily always suit VB but it’s a sort of advertising. If they did, then the customer base would be a lot more limited. But I still like some of the stuff. Say what you want about the Beckhams, but they hire top people. As long as both keep quiet, they manage OK. It served them well over the years.

It’s not serving them very well right now.

@TinklyLittleLaugh he was the most talented footballer of his generation and was only unpopular because of 'Ingerland' mouth breather fans blaming him when England were knocked out of World Cup - completely missing the point he was integral to them qualifying in the first, wasn't initially played by Hoddle grandstanding but got them through to knock out stages. England only qualified for next World Cup one because of a miraculous last minute free kick against Greece by him.

He could have had an even more amazing career at United and with England had it not been for his wife; she had agreed to move to Manchester but didn't and he ended up going to Hertfordshire every night after training and against direct orders from Fergie until it all came to a head and the famous 'boot' incident.

I think he always held it against her hence the dalliances whilst at Real Madrid - again, she'd sworn she'd move with him and couldn't be arsed until it all started to come out.

Anyway, just withdraw your claim and go back to Instagram pics of yourself with a stiletto shod foot in the air whilst wearing a hair drying turban in full makeup - proof of multi tasking.

@SlowHorse