Quote Originally Posted by blue matt View Post
you are right, but where does it end, in 12 months time when it is failing again ( as the business model is out of date, yet we will blame Brexit and the loss of value in the pound ) the government will be 200 mill in the hole and instead of losing that, they will be under pressure to throw more money at it, though i guess it will be saving millions of money per day by not throwing money into the EU pot, so maybe able to afford it
My suggestion hinges on a secured loan, so the Government would have assets to seize in the event of a default and gets its money back if not.
It’s interesting that the German Government lent money to Condor, the German subsidiary of Thomas Cook Airlines.
Incidentally, Brexit may not be the only reason that the company went bust, but as with so many other cases, I’d bet that without Brexit, it wouldn’t have gone under just yet.
It was the same with Woolworths - the financial crisis finished them off.