Branson May Start Microfinance Fund for U.K., The Times Reports

Dec. 17 (Bloomberg) -- Virgin Group Ltd. Chairman Richard Branson is considering setting up a fund to make small loans to entrepreneurs in the U.K., The Times reported, citing an interview.

The fund would be similar to so-called microfinance funds operating in India and Africa, Branson was cited as saying.

He also recommended employees working fewer hours and sharing their jobs as a means of reducing unemployment in the U.K., and said he will discuss his proposals with Prime Minister David Cameron, the London-based newspaper reported.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

To contact the editor responsible for this story: