Spain was ready to back Thomas Cook bailout UK rejected, MPs told

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Chair spoke to tourism ministers of five countries in week before collapse but not one British minister
The prime minister’s office was aware of a financial rescue plan that could have saved Thomas Cook but “didn’t want to set a precedent” by lending the company money, its former boss told MPs, as an inquiry into the tour operator’s collapse got under way.
In a sometimes bruising encounter with the business, energy and industrial strategy (BEIS) committee, Thomas Cook bosses drew stinging criticism for their role in the demise of the 178-year-old travel company. Continue reading...

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