Should Government bail out failing companies ?

[unclebulgaria67]

When the Banks were within hours of going bust, the Government stepped in to bail them out, as they had to protect the countries interests.

 

Thomas Cook, the worlds oldest Travel Agent has just collapsed and Government had no intention of stepping in to offer any help, to try to keep the business operating.

 

The question is, when should Government use public money to stop companies going bust ?

 

What companies would you save ?

[fkofilee]

In the case of Thomas Cook - Yes... They should have done. 

[sparkeyrjp]

No. Where does it stop ?

In the case of TC , TUI have a similar set up with on line as well as high street shops , they are all right

IF TC had been rescued , what about the likes of  BHS .Toys are Us , Maplin , Poundland to name a few .

Debenhams, Arcadia  Homebase New Look struggling .

Tax payers cash to bale these out ?

[London1971]

I just came back from hols in Cyprus with 3 friends.  I booked a Thomas Cook Flight on Expedia, Accomodation via Air BNB, and a car rental via a Rental Cars.

 

Twenty years ago I would have walked into Thomas Cook and sorted the whole thing with them. It's not a sustainable model anymore, although the airline is excellent and good value for money. Maybe they will morph back as a low cost airline?

 

Luckily we got the very last Thomas Cook flight out of Larnaca on Friday evening, so dodged a bullet on that one.

 

 

[fkofilee]

Simply put... TC going under affects people on a whole other level compared to Maplins or Homebase... 

 

Remember, people are outside of the UK with TC... 

Where as Homebase... "Arh that's sad they have closed down" 

[honeybee13]

There's a repatriation plan for stranded passengers, isn't there?

[tobyjugg2]

Perhaps just dock £200M from the directors Pay, Bonus and pension funds and put it back into the company?

 

 

Interesting that the German arm appear to have received support from the German government ...

 

 

 

Edited September 23, 2019 by tobyjugg2

[tobyjugg2]

It would seem that the main Chinese shareholder had agreed to invest more, but the banks said they wanted the money first - so the offer was withdrawn.

 

Johnson probably been told by his financier mates that they can make millions asset stripping it, even after the lawyers have had first dibs on anything left, and a nice donation will be made to his election campaign.

Edited September 23, 2019 by tobyjugg2