150,00 Brits Stranded As Thomas Cook Collapses

Repatriating these unfortunate people will cost at very minimum over £30mio..
I suspect closer to £80-£100 mio. Maybe government should have been better to lend the £200mio they needed to avoid this?
Just a Thought.

Its all covered by a fund created to kick in when travel agencies go broke.

First Brexit casualty. Brits travel less because of Brexit and weaker pound.

If only..
The Bank of England analysis show that that voting to leave the European Union has cost Britain more than £440 million a week in lost growth since the referendum, thats £727 per second...
Suggests current loss £75b, and counting.
Cant see GBP rallying much from here unless major breakthrough?

Maybe brexit is the straw that broke the camel's back, however, this company was in a mess long before then.

Just a question, UK as a hub just like any other hub, they rely on surrounding customers for survival. Singapore relies on China and other Asian countries, Dubai relies on the Middle East, and so forth... UK relies on Europe as trading and financial hub. So, in case of Brexit, what the heck UK is thinking to rely on? Africa ? Brexit will spell a disaster on every business in UK

Can we believe the numbers form Central Bank?

https://www.armstrongeconomics.com/i...tting-suicide/

Read it and you will see that UK is trending down since they joined EU. EU is Titanic. UK is first one jumping the sinking ship. Others will follow. Nothing lasts forever.

Likely to have happened anyway, Weakening pound been continuous six months after carnage got into office along with the standard ultra low interest rates. (2014) way before vote (which we were expected to remain). Blame BREXIT? Tom C's biggest crime was not to move with he times.

So this couldn't possibly have been because of poor management of the company...

Hi renko4x.. I was surprised by your post.
And opened with interest the link you kindly provided.
I read the first paragraph and in the third sentence it found a fundamental lie.
"Britain loses EVERY trade argument in the EU Court."
The UK in recent years has lost 75% of cases brought before the ECJ.
And why so high? Because EU Commission only brings cases it expects to win.
Does this give UK cause to complaint? No.. UK does better than France, which loses 90%.

(Incidentally the UK normally wins significant cases,
and also benefits when ECJ ensure EU law is properly enforced in other countries.)

Now these matters are easily verifiable, so such a statement in the Link provided is either result of negligence or a deliberate attempt to distort and promote a false agenda and support and argue a false conclusion.
Either way I stopped reading.
Why? because with respect I have serious reservations about the link you kindly and in good faith provided.

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