Jeremy Corbyn issues a withering response to Richard Branson’s smug ‘money doesn’t matter’ message

Jeremy Corbyn and Richard Branson
Kerry-anne Mendoza

The internet nearly exploded this week when billionaire Richard Branson told Twitter that money doesn’t bring happiness, and love is all we need. People across the world came to remind Branson what money does buy you. And while happiness may not be on the list, it does wipe out the anxiety and unhappiness that financial insecurity can bring. The responses ranged from heartbreaking to hilarious, but Labour leader Jeremy Corbyn’s might just take the biscuit.

Money doesn’t matter

On 29 July, Branson wrote a blogpost entitled Happiness doesn’t come from stuff.

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With a net worth of $4.1bn and his own private island, Branson needs to sit down. Because ‘family, friends, good health and the satisfaction that comes from making a positive difference’ are all imperilled by financial insecurity.

The 2009 book The Spirit Level by Richard Wilkinson and Kate Prickett laid out the “pernicious effects that inequality has on societies: eroding trust, increasing anxiety and illness, encouraging excessive consumption”.

The authors studied 11 different health and social problems: physical health, mental health, drug abuse, education, imprisonment, obesity, social mobility, trust and community life, violence, teenage pregnancies, and child well-being. And they found that outcomes in all of them “are significantly worse in more unequal rich countries”.

So while money might not buy literal happiness, ‘stuff’ does matter. Access to a quality education matters. Access to nutritious food and clean water matters. An affordable and safe home matters. The absence of any of this ‘stuff’ matters.

Perhaps the most important ‘stuff’ we need is universal access to quality healthcare. And Branson is helping to endanger that access by undermining the NHS.

Branson’s healthcare firm has been granted £2bn of NHS contracts in recent years. And there has been a litany of issues as a result. But the billionaire didn’t stop at just profiting from the privatisation of the NHS. He also recently sued the chronically underfunded NHS for £2m, all because he was refused a contract.

The response

There was a wave of reaction on social media. Most people just could not believe the level of ignorance on display. People currently surviving on foodbanks were not happy to have a billionaire give them a life lesson on the value of friendship.

And then came Corbyn:


The most rattling thing about the Branson blog is not the message. Most people without billions in the bank know their time and energy is best spent on friends, family, and making a positive change. But they also live within the realities of financial insecurity.

Insecure work, exhausting hours and labour, untreated illnesses and conditions, nutritional deficits – these are the realities of poverty. They limit the time available to meet higher needs, and they reduce our capacity to do so in the time leftover. And so a message like this from someone so far removed from that reality lands like a punch to the soul for everyone facing it daily. How refreshing to see a political leader recognise that and call it out for what it is.

Featured image via Wikimedia – Rwendland / Flickr – Exchanges Photos

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    1. Richard Branson was the subject of a radio phone-in show back in the ’80s when his star was still rising. One old girl called in and said, “We used to have people like him during the war. Today they call them entrepreneurs but back then we called ’em spivs.”

      The old girl had him measured.

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