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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)
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 .