No they don't......and Blair. Brown...both of the same mould.
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No they don't......and Blair. Brown...both of the same mould.
I'm starting to think you aren't a reliable or neutral source
I am just stating facts.
Yes I am...just READ the links fully. If you think I am wrong, tell me on what basis...ie links that say individual countries CAN bail out companies.,f
they don't
You are wrong - the rules on state aid are usually used to stop states conferring an advantage to for example a manufacturer based in their borders at the detriment of competition to other manufacturers i.e. if we offered a subsidy on all cars made in the UK but not elsewhere in Europe.
Offering a secured loan to help an ailing business through a cashflow crisis wouldn't fall into the same category.
See also: https://www.bbc.com/news/business-49781920
and
https://www.independent.co.uk/news/b...-a9116536.html (if you wish to subscribe)
The "after many years of EU governments rescuing sensitive industries" line should give you a clue.
They absolutely could have done it if they had wanted to, there have been many precidents, but the UK and especially this government is very beholden to the idea of the efficiency of the market and favours letting things run their course.
I tell you what...why don't you contact your local MP and ask the same question....
As I said..some countries ignore this..others don't (ie the UK)
I'd say it's more about interpretation of the rules rather than ignoring it or not. We choose to interpret the rules in a way that suits the ideology of this government. Other nations interpretation is different.
Not a lot of point in writing to my mp now is there?
That is what I said originally...the rules are that a government CANNOT bail out a failing company.....BUT some countries choose to take a different interpretation. I tell you what - I WILL contact my MP for the offiicial ruling and come back when received.
Maybe you can be troubled to do the same.
Isn't this a meaningless debate? £3 billion in debt & the £200 million had a life expectancy of 90 days. Just wasting money delaying the inevitable. Step back to when they were given their (annual) license to operate, how the feck did that get through the auditors?
Yes I agree.....that is another reason why no bailout.
A private company has gone bust due to poor management ,market pressure and strategic decisions that failed , it won't be first wont be the last . Its not like a steel company going and thousands of lives and comm unties suffer ,our taxpayers money is best served in funding public services ,this is just another example of blame and making political capital as Corbyn did today.
Help the folk stranded and move on ,perhaps these airline industries should get together and introduce their own insurance protection fund instead of enjoying decades past of profit .