Originally Posted by
dtaylor1984
What a ridiculous mischaracterisation of the scheme. The article makes no mention of wandering down the street, but of someone in their own home. The level of signal involved is not "watch[ing videos on] their iPhones" but receiving phonecalls.
And such investment has a defined benefit. Pouring £200m down the drain does not.
So the final bill for the failure of TCG to the taxpayer is likely to be in excess of £480 million. I think 200mil in loan guarantees (just like the Germans have done) will turn out to have been a bit of a bargain. And thats before we start totting up the collateral damage to handling agents, engineering, foriegn hoteliers. O and of course the welfare of 9000 employees. Yeah, of course there was nothing to be done, just do nothing and watch the bills tot up. I can't wait to see what the final tally will be.
http://www.travelweekly.co.uk/articl...f-atol-renewal