Thomas Cook pension trustees plot deal to salvage payouts

has sparked a bitter blame game, with board members, government ministers and auditors all facing demands to explain their actions in the months before its collapse.

Thomas Cook's liquidation brought to an end 178 years of solvent trading, prompting the launch of inquiries by the government's Insolvency Service, the accounting watchdog and an influential committee of MPs.Ministers have established a taskforce to address the crisis, which has left creditors facing meagre returns from the post-insolvency sale of assets.Its collapse came hours after Thomas Cook issued a last-gasp plea to its lenders to reduce a £200m funding demand.

From there, it went on to become one of the world's largest holiday companies, marking its 175th anniversary three years ago.

Rest are in the bars enjoying their extra time off work Scot free

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Martin Lewis: Money expert issues ‘safety’ travel warning to Thomas Cook customersMARTIN LEWIS, 47, appeared on ITV’s Good Morning Britain today to share his advice to those affected by Thomas Cook’s collapse. All flights and holidays with the operator have been cancelled. Lewis has explained how safety is vital at this time.
Source: Daily Express - 🏆 26. / 68 Read more »