From Breakingviews: Bain Capital’s Virgin Australia rescue runs into turbulence and British finance minister Rishi Sunak prepares another spending spree. Catch up with the latest financial insights
A Virgin Australia Airlines plane takes off from Kingsford Smith International Airport in Sydney, Australia, March 18, 2020.PRE-FLIGHT TURBULENCE. With the ink barely dry on Bain Capital’s deal to save Virgin Australia, the Boston buyout shop has already run into problems.
SPLURGE AGAIN. UK finance minister Rishi Sunak is set to give the economy a further boost on Wednesday, and speculation abounds about his plans. The Guardian flagged a think tank’s proposal to give adults vouchers worth 500 pounds to spend in specific sectors, such as hospitality. That would do more for the economy than mailing out normal cheques, which can be saved. But there are better uses for government funds than giving money to those who are already well off.
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