This company is so incredibly sketchy. Why do we keep falling for a bunch of financiers pretending to be entrepreneurs when they will just pay themselves and their associated companies millions and not produce anything.
If we’re going to spend tax money on this, just build it directly instead of pretending Britishvolt is anything but a bunch of dodgy middlemen.
> One of the main issues hitting Britishvolt is that it is spending £3 million a month on pay after hiring almost 300 people, the FT reports, despite revenue not expected until at least 2025.
> Ian Henry, director of AutoAnalysis, a consultancy, said: “I would like nothing better from a UK plc perspective than for the company to succeed but, as an external observer of a company without proven, working products or volume customers, I just do not understand how its plans can work.”
Love britishvolt.
Getting shoved in Blyth as a bung for voting Tory.
It’s never going to make a single thing and is purely there to siphon public money and then collapse as all the Tory donors, sorry, company directors disappear
5 comments
And another 200 mil after Christmas
This company is so incredibly sketchy. Why do we keep falling for a bunch of financiers pretending to be entrepreneurs when they will just pay themselves and their associated companies millions and not produce anything.
If we’re going to spend tax money on this, just build it directly instead of pretending Britishvolt is anything but a bunch of dodgy middlemen.
> One of the main issues hitting Britishvolt is that it is spending £3 million a month on pay after hiring almost 300 people, the FT reports, despite revenue not expected until at least 2025.
Maybe they’re just not very good at business
From a recent article listing a [litany of concerns](https://www.theguardian.com/business/2022/sep/29/britishvolt-38bn-battery-factory-green-industry)
> Ian Henry, director of AutoAnalysis, a consultancy, said: “I would like nothing better from a UK plc perspective than for the company to succeed but, as an external observer of a company without proven, working products or volume customers, I just do not understand how its plans can work.”
Love britishvolt.
Getting shoved in Blyth as a bung for voting Tory.
It’s never going to make a single thing and is purely there to siphon public money and then collapse as all the Tory donors, sorry, company directors disappear