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BEIS committee will want to know who was to blame for the failure and costs to taxpayers
An inquiry by MPs into the collapse of Thomas Cook gets under way on Tuesday, with company directors, including Peter Fankhauser, who was chief executive when it went under, the first to appear. Auditors, regulators and possibly ministers are expected to give evidence to the investigation by the cross-party business, energy and industrial strategy committee (BEIS).
MPs will demand to know who was to blame for a corporate failure that put 9,000 jobs at risk and left 150,000 Britons stranded overseas, forcing the government into the UK’s largest peacetime repatriation effort, likely to cost more than £100m. Continue reading...