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TC advised weeks ago their shares are worth less than the company owes. Nothing to do with Brexit.
My experiences with TC have been very poor, reps only want to know you if buying trips and also got laughed at by reps when getting wet through when boarding at Punta Cans
Investment in GB has dropped like a stone since Brexit was voted for
Global firms particularly EU are leaving as don't want to be stuck paying tariffs
all these TC customers seem oblivious that TC were in financial trouble
" that low cost labour does not pay much tax ... yet expect full social welfare ...."
That of course is an interesting point ....but...who employs that low cost labour, and why ?
Well, as we know ...the labour cost is reflected in the product price to the consumer , and the consumer doesnt value the product with all its added labour costs added in
Look at Americans ...they prefer to buy their cars from Mexico because they dont want to pay the high cost of American wages, health insurance, pensions etc.....the employee thinks he is entitled to it, the consumer thinks he cant afford it ... they wave their Patriot flags , but that is just from the heart, it isnt from the wallet....much like the Scots
How do shareholders receive their expected dividends if the labour costs increase to meet the expectations of the local employee ?
How can you be naive to think that the result of higher individual employee costs will not result in fewer employees earning more each , ( more stress and responsibility ) or more employees earning less each ( shared stress and responsibility) ..and of course more technology to save on the higher labour costs ....consumers dont care about company debts as long as they get cheaper prices ...until of course the company goes bust...like Thomas Cook ....and even then they think some Government magic wand should continue to provide cheaper prices
The idea that the UK can go around the world searching for cheaper labour and lowerprices will merely end up with the same situation that Trump is battling against and the death of home grown production
Send the cheap labour home...and the local producers will end up moving abroad and importing their product
(Like cars from Mexico )
Also, sales will always decline once a company is seen as risky. Who would want to risk booking a holiday when no risk alternatives exist
Buck spot on, yes Fosun were still prepared to buy this shambles despite billions of losses over past 10 years, £1.6bill debt
but suddenly it was off , Brexit def tipping point
i sold at £1.13 yes i am very sensible
""" lower sales has to be Brexit related """
if you had thought that you would have sold ...
common sense ??
Due to poor management u only got look at 20 m paid to boss since 2014 and go now of nearly 3 mill in one year
TCG had fundamental problems and should have gone under without Brexit but the 2019 downturn 12% lower sales has to be Brexit related , without that it would not have folded today as this years numbers would not have been so bad (am exluding the write off as that was MyTravel)
in 2 or 3 years yes but not today
Take your point, you are saying "winter risks" is a euphemism for "Brexit problems".
I'll accept that this is as you state.
However, with the cash burn as it was, this outcome was inevitable. The 200m security may have seen them through winter.
What then?
I can accept that Brexit may have been a tipping point, but really not the cause.
the European Parliament does not have much influence to be honest and am not sure why it has to meet so often and really why we need it to be so big but thats another issue. However we vote for MEP's and as one of the large countries have by far the largest number of members. so we have much more influence than say Finland do for example
fact is the majority 99.9 % (not accurate figure) is voted for in House of Commons, even the Lords has no power really (as it is not elected)
The reason the Tories and Right wingers do not like EU parliament is because it is more Centre than Right Wing
bit more Blair than Boris, thats why they wanted us to vote remain
The northern thicko’s like me who voted leave didn’t know hat they were voting for. LOL. and all the southern softie Walters that voted remain are obviously of superior intellect! I think not.
This is getting silly now... this is the TCG thread not the Brexit thread - see general chat for that... thousands of employees out of work, 150,000 customers to return to the UK and shareholders losing their funds - that's the only thing that is important today.. (although Doug - I have to bite back - happy to have another ref - once we honour the mandate of the first ref thanks)
its a rubber stamp Parliament .... as it cannot
Introduce legislation or amend it once in law
the Executive hold the power ... which is does not have a direct voting system to the public
If we aren’t controlled by Eu, why is there a European Parliament?
the UK = 19 of the smaller EU states combined
UK has a global reach not just EU trade
UK can set its own trade policy
the only value the EU brings is the single market ... but you are subsidizing poor EU states and because of the wealth gap encouraging wealth harmonization .. which as Greece found out ... is not that easy ..
so we are importing low cost labour which has a direct cost on productivity here ... ie you don't need so many Robots you can employ migrants ...
that low cost labour does not pay much tax ... yet expect full social welfare ....
5m !! how many extra hospitals schools and houses ?
How many super Rich .. are using freedom of movement .. ? to get suckered into our tax system ?
Sky News has just pointed out that Condor is still flying as EU has different rules to Uk
we insist that planes are grounded immediatley
so yet another way in which we NOT controlled by EU (Fake news) suckers . You were all lied to
By the way the Brexit argument was started on the TCG thread by a Leaver - Jessie - who implied the EU are so awful for not coughing up money to compensate stranded TCG travellers. Fact is that the EU and Mrs May agreed a deal. Her own MPs in the ERG voted against it. THREE TIMES. Boris or Corbyn will come back with a very similar deal to May's deal as the EU aren't budging. Therefore we have 2 choices Remain or Leave with no deal. Put that back to the people and get on with it. The 1st referendum was based on lies that we'd control immigration, get a great deal with the EU, have our own free trade deals with loads of other countries within a few weeks and have loads of money for the NHS. Now the Brexiteers have shown their hand and revealed that there is no true benefit in leaving lets have the 2nd referendum and take it from there. That's called democracy.
and even the huge increase in net migration was not the EU fault, it was UK govt , they wanted more workers to come in to assist grow our economy all about GDP going up and up, thats why we have too big a population that our infrastructure struggles to cope with
but yet no reasons how UK will be better off alone?
EU is the Same as the hotel California. The establishment doesn’t want us to leave. Hence we will never leave. Just watch over the next 3 months.
Labours policy up to today was to Leave with a deal in name only ............. ie stuck in a customs union and the single market without a say
now it wants a ref ............... on its deal "stuck in without a say" or stuck in with a say " (remain)
some offer that is ....
Lib Dems = revoke
Today Conservatives and Brexit party, a deal that removes us from all EU institutions .. as per the Ref.
Mays deal was half in half out ............ actually about the same as Corbyns .... because the back stop guarantees in law that we would be forced into a customs union/single market deal .
hence She got the Sack ...
Plaintruth yes i agree but yet again the Tories are to blame there not EU
I thought Teresa May would have put a draft agreement for agreement by parliament to ensure it was acceptable. Wrong to sign off an agreement then put it to parliament only to be told by Junkers you can’t have any changes now as you already signed.