Another airline and travel company goes bust today. The XL Leisure Group is no longer, at least in the UK. The French connection is going strong as is the German. Anyone to blame? As the news sinks in, I don't think the chairman Phil Wyatt is particularly. He may have made a few errors of judgement over exterior forces, but he appears to be a man who tried to get his business back from the brink. I think the main culprits are the dodgy dealers in oil as a commodity, the CAA for being "not fit for purpose" as a regulator, and the general lacklustre approach of the Governor of the Bank of England to the spivs and speculators who he seems to be oblivious to. Mr.Wyatt can't battle against these people on his own, but I bet the stranded holidaymakers have him in their sights rather than the real creators of their misery!
What difference to net zero and the economy would a Trump or Biden second
term make?
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As readers know I do not express views about who should win elections in
foreign countries, nor usually comment on which potential government or
President ...
9 hours ago
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