rudds1 Posted September 21, 2019 Share Posted September 21, 2019 Been reading that travel agent Thomas cook are in some financial trouble and they are trying to raise around £200 million .if they go under it would mean the tax payer would have to pay to repatriate some estimated 180000 people back home and also there is approximately 20000 jobs at stake of which 9000 are in the uk .should the government help them out with a loan or something similar or should the government not get involved with a private company ? Link to comment Share on other sites More sharing options...
El Cid Posted September 21, 2019 Share Posted September 21, 2019 2 minutes ago, rudds1 said: If they go under it would mean the tax payer would have to pay to repatriate some estimated 180000 people back home. Why on earth is the tax payer liable for the downfall of a private bussiness? With motor insurance there is a levy on insurance companies for uninsured vehicles. Link to comment Share on other sites More sharing options...
rudds1 Posted September 21, 2019 Author Share Posted September 21, 2019 10 minutes ago, El Cid said: Why on earth is the tax payer liable for the downfall of a private bussiness? With motor insurance there is a levy on insurance companies for uninsured vehicles. The government helped the banks out who were largely private business Link to comment Share on other sites More sharing options...
Lockdoctor Posted September 21, 2019 Share Posted September 21, 2019 9 minutes ago, El Cid said: Why on earth is the tax payer liable for the downfall of a private bussiness? With motor insurance there is a levy on insurance companies for uninsured vehicles. Because their customers are protected by ATOL. The downfall of a normal private business doesn't end up with British people being stranded in a foreign country. Link to comment Share on other sites More sharing options...
Longcol Posted September 21, 2019 Share Posted September 21, 2019 ATOL - which would cover repatriation of people on package holidays, is funded by the travel industry. https://www.caa.co.uk/ATOL-protection/Consumers/About-ATOL/ Funding and administration ATOL is run by the UK Civil Aviation Authority (CAA). It is funded by contributions from ATOL holders, who must pay £2.50 into the schemes back up fund, the Air Travel Trust, for each person they book on a holiday. This money creates a fund that is used by the CAA to ensure consumers either complete their holiday or – if they cannot get away – receive a full refund. Link to comment Share on other sites More sharing options...
hobinfoot Posted September 21, 2019 Share Posted September 21, 2019 2 hours ago, rudds1 said: The government helped the banks out who were largely private business We need the banks. We don’t need travel companies. Link to comment Share on other sites More sharing options...
Albert the Cat Posted September 21, 2019 Share Posted September 21, 2019 3 hours ago, rudds1 said: The government helped the banks out who were largely private business If you can't differentiate the difference between a global bank and high street travel company, then you need to do a bit of reading. The consequences of one of the main banks failing was far more severe than the likes of Thomas Cook failing. In fact, there could have been an argument for national sercurity made for saving a bank. Link to comment Share on other sites More sharing options...
Janus Posted September 21, 2019 Share Posted September 21, 2019 3 hours ago, rudds1 said: if they go under it would mean the tax payer would have to pay to repatriate some estimated 180000 people Are we sure that the government have a duty of care for this sort of thing? I read that TC is asking the gov for cash to keep them afloat only. I would have thought that the fee that each traveller pays to ATOL within their ticket price should cover the issue of bringing travellers home. Link to comment Share on other sites More sharing options...
Albert the Cat Posted September 21, 2019 Share Posted September 21, 2019 3 hours ago, rudds1 said: Been reading that travel agent Thomas cook are in some financial trouble and they are trying to raise around £200 million .if they go under it would mean the tax payer would have to pay to repatriate some estimated 180000 people back home and also there is approximately 20000 jobs at stake of which 9000 are in the uk .should the government help them out with a loan or something similar or should the government not get involved with a private company ? Wrong on so many levels. It will not cost the tax payer a penny from bringing holiday makers home. The cost of this will be absorbed by a fund managed by the Air Travel Trust. It is sitting on about £167m which can be used. Link to comment Share on other sites More sharing options...
Obelix Posted September 21, 2019 Share Posted September 21, 2019 2 hours ago, Albert the Cat said: Wrong on so many levels. It will not cost the tax payer a penny from bringing holiday makers home. The cost of this will be absorbed by a fund managed by the Air Travel Trust. It is sitting on about £167m which can be used. I think the figure to repatriat them is a bit more that the available assets... something like a half billion is needed to get them all back. Link to comment Share on other sites More sharing options...
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