Wouldn't £0.75m/month go a decent way to invest in new local non-PIK-dependent jobs, along with a deal with GLA to take a big chunk of employees across there? At least then the Government would be investing in something that has a long term future; we have to recognise that the world moves on and PIK has no justification for public funds pouring into it, when they can be put to better use, and when GLA sits just up the road able to take the flying. Why does the Govt feel it should use public funds to compete against a privately owned GLA for a small slice of Ryanair's business??
Otherwise we should have kept going with state-owned Leyland, British Coal, British Rail, BA, British Transport Docks Board, British Gas, BT, CEGB....
Governments have no right and no experience running businesses which can stand on their own two feet and should be in the private sector.