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Author Topic: Thomas Cook on verge of going bust  (Read 1249 times)

Nearly Sane

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Thomas Cook on verge of going bust
« on: September 21, 2019, 12:10:55 PM »
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Roses

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Re: Thomas Cook on verge of going bust
« Reply #1 on: September 21, 2019, 12:18:43 PM »
Quote from: Nearly Sane on September 21, 2019, 12:10:55 PM
Not sure there is an easy solution here.


https://www.bbc.co.uk/news/business-49761464?SThisFB&fbclid=IwAR0Rp4REKnc9n7FVPs9ctuveEnGhQfQtOTBoYDsNH2BeRNB8YG0aViNcNDs

I don't think the Government should bail them out, it has better things on which to spend its limited amount of cash, imo.
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Nearly Sane

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Re: Thomas Cook on verge of going bust
« Reply #2 on: September 21, 2019, 02:41:52 PM »
Quote from: Littleroses on September 21, 2019, 12:18:43 PM
I don't think the Government should bail them out, it has better things on which to spend its limited amount of cash, imo.
and yet 8,000 jobs going isn't going to be 'free'. I think the govt needs to be involved in discussions and try and get a deal sorted. It's not a business that is strategic but the impact could be considerable.
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Roses

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Re: Thomas Cook on verge of going bust
« Reply #3 on: September 21, 2019, 05:36:38 PM »
Quote from: Nearly Sane on September 21, 2019, 02:41:52 PM
and yet 8,000 jobs going isn't going to be 'free'. I think the govt needs to be involved in discussions and try and get a deal sorted. It's not a business that is strategic but the impact could be considerable.

I realise the impact could be considerable, but the Government can't take on every firm that is about to go bust.
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Aruntraveller

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Re: Thomas Cook on verge of going bust
« Reply #4 on: September 22, 2019, 11:42:06 AM »
Quote from: Littleroses on September 21, 2019, 05:36:38 PM
I realise the impact could be considerable, but the Government can't take on every firm that is about to go bust.

*Thinks* Maybe if they tightened up the laws on who pays taxation, perhaps they could.
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Roses

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Re: Thomas Cook on verge of going bust
« Reply #5 on: September 22, 2019, 11:56:28 AM »
Quote from: Trentvoyager on September 22, 2019, 11:42:06 AM
*Thinks* Maybe if they tightened up the laws on who pays taxation, perhaps they could.

Can you explain what you have in mind?
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Aruntraveller

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Re: Thomas Cook on verge of going bust
« Reply #6 on: September 22, 2019, 12:52:48 PM »
Quote from: Littleroses on September 22, 2019, 11:56:28 AM
Can you explain what you have in mind?

I mean I am sick of this government giving an easy pass to the wealthy to avoid paying their fair share of taxes. Let me be quite clear about this I mean paying what they should under our current tax set up. Not by using dodgy schemes to off set their taxes or by moving companies off shore. Just pay your dues. Nothing more nothing less. Then maybe we could afford the NHS, an adequate police force, decent social services and yes even bail out companies that are struggling therefore saving ordinary people the worries that go with the threat of unemployment, or actual unemployment which when it happens is compounded by the lack of a basic social infrastructure and all that that implies.
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Roses

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Re: Thomas Cook on verge of going bust
« Reply #7 on: September 22, 2019, 01:31:17 PM »
Quote from: Trentvoyager on September 22, 2019, 12:52:48 PM
I mean I am sick of this government giving an easy pass to the wealthy to avoid paying their fair share of taxes. Let me be quite clear about this I mean paying what they should under our current tax set up. Not by using dodgy schemes to off set their taxes or by moving companies off shore. Just pay your dues. Nothing more nothing less. Then maybe we could afford the NHS, an adequate police force, decent social services and yes even bail out companies that are struggling therefore saving ordinary people the worries that go with the threat of unemployment, or actual unemployment which when it happens is compounded by the lack of a basic social infrastructure and all that that implies.

I agree.
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jeremyp

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Re: Thomas Cook on verge of going bust
« Reply #8 on: September 22, 2019, 02:10:38 PM »
Quote from: Trentvoyager on September 22, 2019, 11:42:06 AM
*Thinks* Maybe if they tightened up the laws on who pays taxation, perhaps they could.

But why would you? Why would you bail out companies that can't make a profit?
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Walter

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Re: Thomas Cook on verge of going bust
« Reply #9 on: September 22, 2019, 08:51:19 PM »
Quote from: jeremyp on September 22, 2019, 02:10:38 PM
But why would you? Why would you bail out companies that can't make a profit?
Don't just book it, Thomas's fooked it

happy days  8)
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Aruntraveller

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Re: Thomas Cook on verge of going bust
« Reply #10 on: September 23, 2019, 08:10:42 AM »
Quote from: jeremyp on September 22, 2019, 02:10:38 PM
But why would you? Why would you bail out companies that can't make a profit?

All a bit academic now with administration taking place. Bailout was probably the wrong phrase, but it is not unknown for the government to help companies out of short/ mid term difficulties, most recent example being British Steel. Whether TC falls into that category I have no idea. Very sad situation though.
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Roses

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Re: Thomas Cook on verge of going bust
« Reply #11 on: September 23, 2019, 08:41:22 AM »
Quote from: Trentvoyager on September 23, 2019, 08:10:42 AM
All a bit academic now with administration taking place. Bailout was probably the wrong phrase, but it is not unknown for the government to help companies out of short/ mid term difficulties, most recent example being British Steel. Whether TC falls into that category I have no idea. Very sad situation though.

I have heard that the firm was having problems for a considerable time.
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Harrowby Hall

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Re: Thomas Cook on verge of going bust
« Reply #12 on: September 23, 2019, 09:02:14 AM »
Very illuminating comment on the Today programme:

Thomas Cook were using brochures while their competitors were using barcodes.

They had a considerable amount of real estate on the High Street, too.
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jeremyp

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Re: Thomas Cook on verge of going bust
« Reply #13 on: September 23, 2019, 09:36:37 AM »
Quote from: Harrowby Hall on September 23, 2019, 09:02:14 AM
Very illuminating comment on the Today programme:

Thomas Cook were using brochures while their competitors were using barcodes.

They had a considerable amount of real estate on the High Street, too.
I don't understand how any mass market travel agent still exists. I, for example, haven't used one this century.
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Aruntraveller

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Re: Thomas Cook on verge of going bust
« Reply #14 on: September 23, 2019, 09:42:12 AM »
Still you can always rely on Boris for amusement.

It would be a "moral hazard" to bail out Thomas Cook.

At last something he has expertise in  ::)
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Outrider

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Re: Thomas Cook on verge of going bust
« Reply #15 on: September 23, 2019, 03:32:17 PM »
I can understand why the Government isn't keen on bailing out Thomas Cook - post-Brexit, demand for continental travel is likely to take a hit.  Having a player out of the market now means there are fewer potential significant failures after the fact which can be laid at their door.

O.
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Roses

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Re: Thomas Cook on verge of going bust
« Reply #16 on: September 23, 2019, 03:34:00 PM »
Quote from: jeremyp on September 23, 2019, 09:36:37 AM
I don't understand how any mass market travel agent still exists. I, for example, haven't used one this century.

We have never used a travel agent.
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Walter

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Re: Thomas Cook on verge of going bust
« Reply #17 on: September 23, 2019, 03:39:44 PM »
Quote from: Littleroses on September 23, 2019, 03:34:00 PM
We have never used a travel agent.
what about lubricant ?
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Nearly Sane

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Re: Thomas Cook on verge of going bust
« Reply #18 on: October 09, 2019, 11:34:20 AM »
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