Boris Johnson

Boris Johnson

Boris Johnson lashes out at Thomas Cook bosses as holiday firm collapses

Boris Johnson lashes out at Thomas Cook bosses - LIVE updates

9/23/2019 7:44:00 AM

Boris Johnson lashes out at Thomas Cook bosses - LIVE updates

The PM said directors might not have been 'incentivised' to fix the ailing firm's financial woes

The Prime Minister pledged to rescue holidaymakers who face being stranded across the world in what’s thought to be the biggest ever peacetime repatriation of British citizens.Mr Johnson said: “One way or the other the state will have to step in, quite rightly, to help stranded holidaymakers.”

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He added: “It is a very difficult situation, and obviously our thoughts are very much with the customers of Thomas Cook, the holidaymakers who may now face difficulties getting home.“We will do our level best to get them home. As you know there will be plans ready to deal with that if it’s necessary.”

And in a stern message to the firm’s management, he added: “One’s driven to reflect on whether the directors of these companies are properly incentivised to sort such matters out.”Visibly frustrated with the unfolding situation, Mr Johnson signalled there would be no government bailout for the world’s oldest holiday firm.

He confirmed the firm had requested a "£150 million" government bailout to save it from falling into bankruptcy.But he said: “Clearly that’s a lot of taxpayers money and sets up a moral hazard in the case of future such commercial difficulties that companies face.

Read More Thomas Cook goes bust “I do think that we need to look at ways in which tour operators, one way or another, can protect themselves from such bankruptcies in future. Read more: Daily Mirror »

Home Office seeks navy help over migrant crossings

It comes after a record number of unaccompanied children crossed the Channel to the UK on Friday.

Quite right they wasn't giving anything back when they made huge profits bad management and decisions is why it failed shame in then with their 29 million bonuses

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