Collapse of Thomas Cook cost UK taxpayer at least £156m

The collapse of Thomas Cook last September is thought to have cost the UK taxpayer at least £156 million, according to the National Audit Office (NAO).

On top of that, the total bill for those covered by the ATOL protection scheme – funded by industry members – could be closer to £500 million.

A new report from the NAO said it cost ATOL so much that the government could have to step in to help…

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