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Post by naughtyfox on Sept 23, 2019 7:07:08 GMT
Why is the government paying for people to get home? Shouldn't the bosses at Thomas Cook be paying for this out of their own pockets? Will the government be freezing the bank accounts and all assets of the owners of Thomas Cook, or will they, like so many other corporate villains, be allowed to waltz away free to a Tax Haven of their choice? "Chaos as nearly 200,000 Thomas Cook customers face up to a fortnight wait to be repatriated after travel giant goes under overnight and ministers line up 40 jumbo jets to fly Britons home" In the News in Finland the figure of stranded Thomas Cook punters around the world is set at 600,000. Which is quite a lot. Still, they were all knowingly polluting the atmosphere and burning up precious resources for their holidays - what have the Extinction Rebellion protesters got to say about that, eh? www.dailymail.co.uk/news/article-7492185/165-000-Thomas-Cook-customers-face-FORTNIGHT-waiting-repatriated.html
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Post by Deleted on Sept 23, 2019 7:22:07 GMT
Are you going to travel less from now on then? I agree that some company owners should take more financial responsibility and be held accountable, but maybe we’re seeing the effects of people not having the cash/credit to travel amongst fears about the climate?
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Post by Clinton Cool on Sept 23, 2019 7:23:19 GMT
I've also been wondering about why the government is paying for flights home. Thomas Cook were ATOL members. It says on Thomas Cook's website "Each booking includes a £2.50 contribution towards our ATOL membership which provides financial protection in the unlikely event of our failure" So ATOL, whoever they are, appear to have profited greatly by receiving these 'contributions' from Thomas Cook holiday makers over the years but are being absolved of their contractual obligation, the tab being picked up by the tax payer instead.
10 years or so ago I was booked on a fight from Hong Kong to London, the airline went bust. I had to buy my own new ticket home. Why is this, what's the difference?
If I pay £5K deposit towards an extension for my house and the builder goes bust before doing any work, will the government reimburse me?
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Post by Deleted on Sept 23, 2019 7:27:56 GMT
I think you will find ATOL is paying most of the cost, if you look further than the media spin...
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Post by Clinton Cool on Sept 23, 2019 7:34:19 GMT
I think you will find ATOL is paying most of the cost, if you look further than the media spin... £100M cost to the tax payer according to the BBC. Mind you, that could well be the media spin you refer to. www.bbc.co.uk/news/live/business-49770809
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Post by patty on Sept 23, 2019 7:34:42 GMT
perhaps holidays at home will become more the norm as people become more aware of climate change..this will leave the airspace free for all the MP's etc jollying on countries business...
Its a shame when peoples holidays are ruined but at least they are getting home
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Post by Deleted on Sept 23, 2019 7:34:43 GMT
I think you will find ATOL is paying most of the cost, if you look further than the media spin... Agreed but I do think Boris feels a bit guilty about not giving Thomas Cook £150 million of tax payers money to prevent them collapsing. Maybe the tax payer got a bargain in the end?
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Post by naughtyfox on Sept 23, 2019 7:35:59 GMT
Are you going to travel less from now on then? Have never travelled with any such company as Thomas Cook. We choose our own airlines/flights and accommodation. 1. Surely Germany should be paying for all this, as Thomas Cook was a German company? 2. "Who is the auditor for this company? And why was it allowed to continue to run? About time these audit companies were audited themselves." 3. "Why did they think our taxes should bail them out? I feel for the people that have lost their jobs, every single one of them but not the big bosses that have allowed this to happen and were trading even though they knew they were in trouble!! I'm sure the top dogs could put in the money themselves if they really wanted to save it or at least enough to bring the stranded people home? But if it's at their costs, they wont!" 4. "We went in Thomas Cook on Saturday, they were still taking peoples money for holidays!" 5. "Company chief executive Peter Fankhauser has been paid £8.3 million since taking over the firm in 2014" 6. How are 9,000 employees of Thomas Cook going to find another job now, with the UK being flooded with half of Eastern Europe doing work for shit wages, and dinghies turning up every day from France full of scroungers?
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Post by Deleted on Sept 23, 2019 7:37:18 GMT
I think you will find ATOL is paying most of the cost, if you look further than the media spin... £100M cost to the tax payer according to the BBC. Mind you, that could well be the media spin you refer to. www.bbc.co.uk/news/live/business-49770809 Estimated cost of repatriating all the customers was estimated at £600M a few days ago, so who is paying the other £500M... maybe ATOL...
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Post by naughtyfox on Sept 23, 2019 7:44:49 GMT
"They should have renamed themselves Thomas Cook Bank. The government would have bailed them out in a jiffy."
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Post by naughtyfox on Sept 23, 2019 7:47:08 GMT
"What are children doing on holiday it is term time?"
- "They will be the sort of rough kids that stop others learning. Schools should be glad to be rid of them. Less tattooed parents smoking at the school gates."
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Post by Clinton Cool on Sept 23, 2019 8:10:03 GMT
Estimated cost of repatriating all the customers was estimated at £600M a few days ago, so who is paying the other £500M... maybe ATOL... 150,000 customers are overseas. I know that governments aren't renowned for the best efficiency but £4,000 for each stranded passenger for a single flight when they probably paid a few hundred quid for their package, really?
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Post by thebfg on Sept 23, 2019 8:15:49 GMT
I think you will find ATOL is paying most of the cost, if you look further than the media spin... £100M cost to the tax payer according to the BBC. Mind you, that could well be the media spin you refer to. www.bbc.co.uk/news/live/business-49770809 Seems ATOL is run by the CAA its run by the dept of transport. Maybe since they last saved monarch passengers there is not enough money in the account and it needs topping up. I am not to sure of his figures though 100m plus 400 - 500 million. Even if it cost every passenger £1000 to get home. Flights, couple of nights in a hotel and a bit of grub that's only £150 million it can't cost 4k per passenger. ETA I see you have the same calculations. And beat me
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Post by Jim on Sept 23, 2019 8:17:23 GMT
All this wittering about the cost of getting people home and missing the main point that naughtyfox raised earlier, corporate greed, fat bastards at the top being paid millions to run the company into the ground. I'll bet they have enormous pensions too. Same confusion amongst wagon drivers, blame europe, not greedy fat Eddie. Nationalise the lot of them. Now, after me 2, 3, 4, Oh Jeremy......
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Post by Deleted on Sept 23, 2019 8:24:57 GMT
Estimated cost of repatriating all the customers was estimated at £600M a few days ago, so who is paying the other £500M... maybe ATOL... 150,000 customers are overseas. I know that governments aren't renowned for the best efficiency but £4,000 for each stranded passenger for a single flight when they probably paid a few hundred quid for their package, really? Maybe the 600M was to cover flights, hotels of people both abroad and already booked (but not left the UK yet) - all supposedly covered by ATOL. Not really sure yet but I currently think ATOL are picking up most of the bill with the Gov doing a bit of 'Grandstanding'.
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