Ok, so like ACS, I have been on Twitter and have seen loads of save Thomas Cook and that government should bail them out. So..... should we, the tax payers bail out yet another company?
No. If we bail out Thomas Cook then we should bail out every failing business. If Thomas Cook have not been adequately managed why should the British tax payer bail them out. I can see why the Banks were bailed out although I would have taken greater action against those in charge of the Banks at the time. Northern Rock being a prime example of negligent banking where those in charge should have been held personally responsible.
Yep. because I have a holiday booked for next year and even though ATOL will refund me.. I can’t be arsed with the hassle. plus... it’s not strictly a bail out as the government will retain a stake in the company. So for me it’s an investment too. plus.. 9000 brits could lose their jobs. we bailed out the banks once the bankers ****ed things up so why not this institution?
Yeah an investment in a business which will only have potential profit growth outside the UK... Because of Brexit It's completely unethical for the government to prop up one company in a crowded market place. I'm sure Jet2, TUI, EasyJet et al would like a £1.1bn investment boost, but no, they get penalised for not being on the brink of going under. They intervened with the banks and this is the fallout. What about all the retail stores that are disappearing from the highstreet? They are being crushed by extortionate business rates and online competition and the government doesn't give a ****. If they do bail out Thomas Cook, this legitamizes large business doing whatever the **** they want, safe in the knowledge good old Joe Public will save them. I hope all the SMEs that are going to the wall start pestering the government to buy them out. Thomas Cook should be forced to beg the Arabs for money, like Barclays did.
On and the root of the banking crisis is, in my opinion in the less heard of...fractional reserve lending...
should they ****... other companies with more money wipe out the smaller ones !! that is how it works
No way should It be bailed out. Their business model is outdated and it would be just pouring money down the drain. Most people prefer to book everything separately online now.
No outdated business model and they've not adapted with the times well enough. As others have said what message does it send out to other businesses if they can financially flop and just expect a hand out?
I think we should keep the money and invest it in Brexit preparations. Like improving the caravan parks etc given we can't leave the country easily once we Brexit...
With that and the government proposing to tax airline travel for frequent flyers it should be boom time for the British tourist industry. I am hoping they will allow me to pay the tax with frequent flyer miles.
