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Thread: Thomas Cook

  1. #26

    Re: Thomas Cook

    Quote Originally Posted by Croesy Blue View Post
    Come on you can't really have your head this far in the sand can you?

    https://metro.co.uk/2019/09/23/compa...exit-10795029/ - and this is just the tip of the ice berg.

    https://www.bloomberg.com/graphics/2...anies-tracker/
    A lot of that is just conjecture for now. After today’s Supreme Court ruling, we not even leave.

  2. #27

    Re: Thomas Cook

    None of that is conjecture, how can something be conjecture if it’s happened?

  3. #28

    Re: Thomas Cook

    Quote Originally Posted by The Hooded Claw View Post
    I’m saying that the financial crisis tipped Woolworths over and the same for Thomas Cook and Brexit.
    Anyone who thinks Brexit has not played a part in this needs to get their head out of the sand.
    There are a lot of big companies out there who are going to suffer for the same reasons - consumer uncertainty, poor exchange rates and confidence in British businesses.
    Losing 9,000+ jobs is hardly going to help our fragile economy, which itself is already under pressure because of Brexit.
    I don't think we are disagreeing as regards Woolworths. But that doesn't mean that the financial crisis was to blame for the inevitable failure of that company.

    And I don't think that Brexit is to blame for the mess Thomas Cook is in. It was a bricks and mortar travel agent ffs, wedded to the high street travel agent model in a world moving quickly towards online, in the same way that Kodak was wedded to film in a world adopting digital photography. Brexit would likely have had some impact on short-term cashflow as people put off booking holidays, but they must have had one foot over the edge of the cliff already for this to have happened. What got them to the cliff was an antiquated businesss model and a mountain of debt.

    That the loss of 9k jobs is unhelpful for the economy is undeniably true but entirely irrelevant to the point you are making (i.e. that Brexit is to blame).

    One point on "Brexit has not happened yet" that others have made: it hasn't, but businesses are doing lots in preparation and it creates huge uncertainty. Just look at Thomas Cook - a tiny example of some of the detail tehy will have had to consider: You buy a package holiday to France for summer 2020. In pricing the package, what APD cost do you think they build in for the flight back from France? Because they won't know what APD they will actually have to pay over at the point the flight departs, as it will depend on whether the UK is in the EU or not; whether it has a transitional agreement or not etc etc.

  4. #29

    Re: Thomas Cook

    Welsh government have spent 10 million on a warehouse in West Wales to stockpile supplies and have been meeting regularly here and in Westminster planning for a no deal?

  5. #30

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    A lot of that is just conjecture for now. After today’s Supreme Court ruling, we not even leave.
    Come on mate I know you aren't stupid, this stuff has already happened.

  6. #31

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    And so it begins. Brexit getting blamed for every bit of bad news, and it hasn’t even kicked in yet. ��
    Poor management, greed by the company directors, and a failing business model, are the reasons for its demise.
    yep as with most failed businesses and miss management , you watch the spotlight will move away for the actual CEO's and management decisions , and sit solely with government on emotional level , the blame and no personal responsibility culture is these days is incredible .

  7. #32

    Re: Thomas Cook

    Quote Originally Posted by Nobody's Rep View Post
    Welsh government have spent 10 million on a warehouse in West Wales to stockpile supplies and have been meeting regularly here and in Westminster planning for a no deal?
    Most of it, is tinned spam an mushy peas

  8. #33

    Re: Thomas Cook

    Quote Originally Posted by life on mars View Post
    yep as with most failed businesses and miss management , you watch the spotlight will move away for the actual CEO's and management decisions , and sit solely with government on emotional level , the blame and no personal responsibility culture is these days is incredible .
    But other than Thomas Cook the others aren’t failed business they’ve just scaled back or moved because Brexit was negatively affecting them. This isn’t spin it’s cold hard facts.

  9. #34

    Re: Thomas Cook

    Quote Originally Posted by Croesy Blue View Post
    Come on mate I know you aren't stupid, this stuff has already happened.
    Yes. Certain businesses have taken steps ,but a lot of it is still conjecture and contingency plans.
    The decision today in the Supreme Court, has almost certainly meant their will be another lengthy delay, if the EU allow it.
    The UK parliament and remainers have caused all this wide spread panic,and uncertainty by continually stalling and blocking brexit..
    Most business-and company bosses I’ve seen interviewed on TV, are of the opinion that it’s the uncertainty causing the problems, and want leave or remain as soon as possible.

  10. #35

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    Yes. Certain businesses have taken steps ,but a lot of it is still conjecture and contingency plans.
    The decision today in the Supreme Court, has almost certainly meant their will be another lengthy delay, if the EU allow it.
    The UK parliament and remainers have caused all this wide spread panic,and uncertainty by continually stalling and blocking brexit..
    Most business-and company bosses I’ve seen interviewed on TV, are of the opinion that it’s the uncertainty causing the problems, and want leave or remain as soon as possible.
    Your current Prime Minister blocked brexit.

  11. #36

    Re: Thomas Cook

    Quote Originally Posted by lardy View Post
    Your current Prime Minister blocked brexit.
    He’s yours as well. Don’t try palming him off onto me. 😁
    Let’s be fair here. BJ obviously prorogued parliament to try to rush the UK out, but the rest of parliament are just as underhand.
    You and I both know they aren’t interested in getting back to work to try and negotiate a smooth as possible brexit. They will just try their best to get it delayed again, and then try their best to scupper it altogether.

  12. #37

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    He’s yours as well. Don’t try palming him off onto me. ��
    Let’s be fair here. BJ obviously prorogued parliament to try to rush the UK out, but the rest of parliament are just as underhand.
    You and I both know they aren’t interested in getting back to work to try and negotiate a smooth as possible brexit. They will just try their best to get it delayed again, and then try their best to scupper it altogether.
    My point is that Brexit would have happened if not for Boris and the ERG (amongst others, including remainers) voting against May's withdrawal agreement multiple times. And there was nothing underhand about the votes.

  13. #38

    Re: Thomas Cook

    Quote Originally Posted by lardy View Post
    My point is that Brexit would have happened if not for Boris and the ERG (amongst others, including remainers) voting against May's withdrawal agreement multiple times. And there was nothing underhand about the votes.
    That wasn’t a brexit deal May had brokered. We’d have been more tied into the EU than we are now.
    😂

  14. #39

    Re: Thomas Cook

    Yes. Certain businesses have taken steps ,but a lot of it is still conjecture and contingency plans.
    Nothing in any of those links is conjecture or contingency plans. You’re being obtuse because you don’t want to admit that Brexit has been a disaster.

  15. #40

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    That wasn’t a brexit deal May had brokered. We’d have been more tied into the EU than we are now.
    ��
    Why's that?

  16. #41

    Re: Thomas Cook

    Quote Originally Posted by rudy gestede View Post
    Nothing in any of those links is conjecture or contingency plans. You’re being obtuse because you don’t want to admit that Brexit has been a disaster.
    You know what happened to Andy Dufrayne when he accused the Shawshank prison governor of being “Obtuse” don’t you ? 😁

  17. #42

  18. #43

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    That link says why it was a rubbish deal. It was a rubbish deal.

    Part of it was that we would be 'brokered to the EU' (as you put it) for one or two years while businesses adapted, rather than the cliffedge No Deal. But it would have taken us out of the EU.

    So why did all these supposedly "leave at all costs" MPs vote against it? That's the rhetorical question, but the one for you is - what makes it underhand?

  19. #44

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    I don’t see how that’s more tied to the EU, can you explain to me how we would be more tied to the EU?

    It’s not a good deal, it’s worse than we have no, but it’s a lot better than no deal will be.

  20. #45

    Re: Thomas Cook

    Quote Originally Posted by lardy View Post
    That link says why it was a rubbish deal. It was a rubbish deal.

    Part of it was that we would be 'brokered to the EU' (as you put it) for one or two years while businesses adapted, rather than the cliffedge No Deal. But it would have taken us out of the EU.

    So why did all these supposedly "leave at all costs" MPs vote against it? That's the rhetorical question, but the one for you is - what makes it underhand?
    I didn’t say that deal was underhand. I said the reasons for the rest of parliament wanting to get back to work tomorrow are underhand.
    You knew that though.

  21. #46

    Re: Thomas Cook

    Quote Originally Posted by Optimistic Nick View Post
    Woolworths went bust because It was a bad business. The financial crisis just exposed that fact. You’ve seen the scale of high street shop closures over the last (stable) decade- are you honestly saying that Woolworths would still be with us!?

    Admittedly not all travel agents are the same but I’ve had exactly two holidays with travel agents in my adult life. Both have been terrible experiences ending up with s75 claims. I cannot see what place they have in the modern world, especially with the cost base that Thomas cook will have had. Sad for everyone involved of course, but their model was desperately out of date and irrelevant.
    I worked in a shitty online travel company for a while a few years back. What was amazing and seen as a real threat was the return and the rise of the old school high street agency and travel specialist. Like you i believed that model to be dead and buried but it seems the online independent model is actually driving people away. Agencies have been making year on year gains since.

  22. #47

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    I didn’t say that deal was underhand. I said the reasons for the rest of parliament wanting to get back to work tomorrow are underhand.
    You knew that though.
    To be honest, no. I can't think of anything that parliament has done in the last few years that's equally underhand as what Dominic Cummings has told Boris to do.

  23. #48

    Re: Thomas Cook

    Quote Originally Posted by lardy View Post
    To be honest, no. I can't think of anything that parliament has done in the last few years that's equally underhand as what Dominic Cummings has told Boris to do.
    We appear to have crossed wires here.
    I’m not talking about the last couple of yrs.
    I’m talking about the reasons the rest of parliament were happy with the outcome today.
    They can now return to the commons, and be just as underhand as Boris was, by claiming they will help work toward a smooth brexit, but all the while, do their best to scupper it altogether.

  24. #49

    Re: Thomas Cook

    Aren't people actively saying they want to stop brexit because it is bad for the country? I don't think anyone is lying and saying they will work towards a smooth brexit while secretly trying to "scupper it". People's cards are on the table now.

  25. #50

    Re: Thomas Cook

    Quote Originally Posted by William Treseder View Post
    We appear to have crossed wires here.
    I’m not talking about the last couple of yrs.
    I’m talking about the reasons the rest of parliament were happy with the outcome today.
    They can now return to the commons, and be just as underhand as Boris was, by claiming they will help work toward a smooth brexit, but all the while, do their best to scupper it altogether.
    I think by now we know who wants brexit and who doesn't. And particularly who does and doesn't want no deal. I honestly can't see where underhand comes into it.

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