Sniffingmoose
Member
So Eurostar are struggling along with most of the travel sector. Should Eurostar be saved as it has lower carbon emissions than flying? But from a busniess point of vew Eurostar is 55% owned by French state rail firm SNCF and I believe the goverment sold its stake in the business to private companies for £757m in 2015, so should the goverment still bail it out?
May be bail it out if the goverment get our stake back in Eurostar otherwise it will look like the goverment Socialise the losses and privatise the gains. Not a good look when there are many desperate cases for funding in aound the UK at the moment.
See the article on BBC News site for the details
May be bail it out if the goverment get our stake back in Eurostar otherwise it will look like the goverment Socialise the losses and privatise the gains. Not a good look when there are many desperate cases for funding in aound the UK at the moment.
See the article on BBC News site for the details
What do you all think?A group of London business leaders has written to the government calling for financial support for the struggling rail firm Eurostar.
In a letter to the Treasury and Department for Transport, they urge "swift action to safeguard its future".
Bosses of firms such as Fortnum & Mason signed the letter asking for access to government loans and business rates relief "at the very least".
The government says it is "working closely" with Eurostar.
The cross-Channel rail company is threatened by a large drop in passenger numbers due to coronavirus-related travel restrictions.
It reported in November that passenger numbers had been down 95% since March 2020.
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