27-05-2021, 11:06 AM
11
Re: Taxpayer still liable for Eurostar ??
Originally Posted by Cinderella
->
https://www.thetimes.co.uk/article/t...2025-hdqc7hrbvTaxpayers could foot the bill for an enduring post-pandemic slump in Eurostar services over the next four years.
Always read the small print, guess politicians don't.
It is no certainty and AFAIK nothing definite has been suggested plus like all clauses there will be probably be a get-out, for example as with some insurances for all we know an "act of God" exclusion clause or similar might exist.
It's just more media blurb with little substance because it's all "could" and maybe's so far.
If it happens people can screech.
To do so now is premature.
27-05-2021, 11:33 AM
12
Re: Taxpayer still liable for Eurostar ??
Originally Posted by Zaphod
->
Again: "could" not "will".It is no certainty and AFAIK nothing definite has been suggested plus like all clauses there will be probably be a get-out, for example as with some insurances for all we know an "act of God" exclusion clause or similar might exist.
It's just more media blurb with little substance because it's all "could" and maybe's so far.
If it happens people can screech.
To do so now is premature.
If you leave it, you are likely to wake up and find it has actually
happened !! Or not? As is the case with brexit , if l may go off topic
slightly??
Donkeyman! 🤗🤗
27-05-2021, 12:22 PM
13
Re: Taxpayer still liable for Eurostar ??
https://www.telegraph.co.uk/business...star-collapse/Taxpayers on the hook under legal agreement if UK Government refuses to join international bailout of operator
24 January 2021 •
The potential collapse of Eurostar risks costing taxpayers £80m under a complex legal agreement that leaves Britain exposed to the operator’s financial plight....
A clear threat.
27-05-2021, 01:13 PM
14
Re: Taxpayer still liable for Eurostar ??
Originally Posted by Cinderella
->
https://www.telegraph.co.uk/business...star-collapse/Taxpayers on the hook under legal agreement if UK Government refuses to join international bailout of operator
24 January 2021 •
The potential collapse of Eurostar risks costing taxpayers £80m under a complex legal agreement that leaves Britain exposed to the operator’s financial plight....
A clear threat.
Couldn't be clearer Cinders?
We either donate to the bail out, or we ar liable to pay £80 million
in legal shyte ??
The only doubts of this happening that l can see is the fact that we
sold our shares a good while ago before the shyte hit the fan ??
Donkeyman! 🤔🤔
27-05-2021, 02:17 PM
15
Re: Taxpayer still liable for Eurostar ??
From Cinder's link:"The current legal arrangement allows for a shortfall of up to £10m to be transferred to operator Southeastern every six months between now and 2025. This means the Exchequer could be on the hook for £80m of costs if a rescue deal cannot be agreed."
Can you read that, especially the bit in bold?
Good.
Because as we know a rescue deal has indeed been reached.
End of story.
Next.
27-05-2021, 07:53 PM
16
Re: Taxpayer still liable for Eurostar ??
Originally Posted by Zaphod
->
From Cinder's link:"The current legal arrangement allows for a shortfall of up to £10m to be transferred to operator Southeastern every six months between now and 2025. This means the Exchequer could be on the hook for £80m of costs if a rescue deal cannot be agreed."
Can you read that, especially the bit in bold?
Good.
Because as we know a rescue deal has indeed been reached.
End of story.
Next.
it must have been in the link ?? which as usual l don't read !
My apologies ?
So then, start another thread ??
I'm waiting ?
Donkeyman! 👍👍
28-05-2021, 03:40 PM
17
Re: Taxpayer still liable for Eurostar ??
Still think it is a white elephant. Reliant on and vulnerable to many vagaries. Will passengers be eager to use the trains while any restrictions remain.Problems before Covid.
https://www.hrmagazine.co.uk/content...-of-the-tunnel
28-05-2021, 03:50 PM
18
Re: Taxpayer still liable for Eurostar ??
Originally Posted by Zaphod
->
From Cinder's link:"The current legal arrangement allows for a shortfall of up to £10m to be transferred to operator Southeastern every six months between now and 2025. This means the Exchequer could be on the hook for £80m of costs if a rescue deal cannot be agreed."
Can you read that, especially the bit in bold?
Good.
Because as we know a rescue deal has indeed been reached.
End of story.
Next.
28-05-2021, 05:37 PM
20
Re: Taxpayer still liable for Eurostar ??
Originally Posted by Percy Vere
->
I'm confused. Since when has train operator Southeastern had anything to do with Eurostar?
Things are soo complicated now days ?
Donkey man! 🤔🤔
|
|
