THE head of a company linked with senior Tory minister Alister Jack has said they have never met or spoken after it was revealed the company benefitted from a £2 million Covid loan during lockdown.
James Balfour, the chief executive of luxury London gym chain One Rebel, said that Jack’s share – valued at being worth more than £70,000 in his register of interests – amounts to only a 0.48% stake in the company.
Accounts filed in 2020 revealed that One Rebel drew on a £2m Coronavirus Business Interruption Loan Scheme (CBILS) to cover major losses caused by lockdown, when gyms were closed and people were advised to stay at home.
