FILE PHOTO: British Labour MP John McDonnell is seen as he leaves the BBC studios in London, Britain September 8, 2019. REUTERS/Peter Nicholls/File Photo
BRIGHTON, England - The British government should have stepped in with a temporary rescue package for collapsed travel firm Thomas Cook, the opposition Labour Party’s finance spokesman John McDonnell said on Monday. “I’m disappointed ... I just think the government should have been willing to just do more: intervene, stabilize the situation and then allow a longer term plan to develop,” McDonnell told the BBC.
Source: Holiday News (holidaynews.net)
Why?
Labour's Marxist McDonnell the man who would have us fork out to save EVERY failing business, that's Communism for you. We will all be SKINT under these idiots, not just Thomas Cook's badly run travel business
That’s not a priority. Healthcare is!
The thing is, the 'government' doesn't have any money. The money belongs to the taxpayer! spendingotherpeoplesmoney
They could have called it 'InTourist' perhaps
should save? where do you learn from?
Why it's partly owned by German banks and EU doesn't allow any members to bail out companies
It's German owned
Labour are brilliant at spending other peoples money, thats why there was naff all in the pot when they lost power!!!
Don't worry. China government will buy Travel Firm Thomas Cook. Million tourists from China will fly all over the world. Some will never go back and stay in Chinatowns
Clueless.
Over here we call that a bailout, and it got us in alot of trouble.
How and why ?
TRHLofficial No.
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Thomas Cook has approached UK government for bailout funds: FTBritain's Thomas Cook Group Plc has approached the UK government for a bail... Why don't they ask Germany their banks own it or the EU UK might not get the money back after Brexit that might be the plan If the government are planning to steam ahead with No Deal, what's the point of a bailout? People aren't going to have the money to travel and the £ will tank further so their would be customers will be even more squeezed. Bail him out of what? Sounds shaky to me.
Source: Reuters - 🏆 2. / 97 Read more »
Ailing Thomas Cook in talks with UK government and investors for rescue dealBritain's Thomas Cook is in talks with the government and potential investo... Uk government would be mad to bail them out... when compared to brexit a £200m black hole is nothing The logical move here would be for the UK gove to provide a 200 million bailout loan to TC for a share of the company to secure financing to keep it afloat. That would be cheaper than the government spending goodness knows how many hundreds of millions cleaning up its failure.
Source: Reuters - 🏆 2. / 97 Read more »
UK PM Johnson questions whether Thomas Cook bosses 'properly incentivized'British Prime Minister Boris Johnson on Monday questioned whether the directors ... the man who hated comb Who knows..... Maybe they threw their money at yank blond totty as well..... Be careful if all cars 🚗 🚗 🚗 driving speedily in the other direction! Could be you who is in the wrong lane! brexit BorisJohnson
Source: Reuters - 🏆 2. / 97 Read more »
Thomas Cook Shuts Down, Stranding Hundreds of Thousands of TravelersBritish travel company Thomas Cook said it has entered into compulsory liquidation and that all bookings, including flights and holidays, had been canceled—a shutdown affecting more than 600,000 global vacationers. HSBC_MX FBIStLouis StLouisGameTime nationalbank AskHalifaxBank In my childhood I was super impressed with brand names like Thomas Cook. It's gonna cost the caa some 400 million to get everyone home. Could of bailed them out for half of this
Source: WSJ - 🏆 98. / 63 Read more »
Thomas Cook collapses, leaving thousands of travelers strandedBritish tour operator Thomas Cook has collapsed, potentially stranding hundreds of thousands of travelers whose bookings have been canceled. Just hire someone to take his place! If your do not know what Thomas Cook is you might think that tweet has a completely different meaning. People still use travel agency?
Source: CNN - 🏆 4. / 95 Read more »
British travel firm Thomas Cook collapses, stranding hundreds of thousandsBritish travel firm Thomas Cook collapses, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history by kholtonreuters kholtonreuters Who was driving the hay wagon? One sacrificed another scaped goat mead. kholtonreuters Such a established firm,how this happened? kholtonreuters The fruits of brexit...
Source: Reuters - 🏆 2. / 97 Read more »