Good news - I think?

[Gromit]

Vince Cable says Southern Cross will not get any tax payers money.

http://www.dailymail....l-Southern-Cross.html

Hopefully he is right. But Dave is quote happy to do U-turns. What do we do with the old folk and homes if this company do go bust. Shoyld the taxpayer bail them out?

[birdie1971]

The government have no choice. They'll have to bail them out.
To not do so will be political suicide.

This is the risk you take when you entrust 'care' to the vagaries of free markets.

[scotman]

Unfortunately I agree with Birdie.
The government seems to have very little choice(again). If I understand things correctly they will have to provide assistance for a company which appears to have no assets as the buildings etc have all been transferred to another company.

[anotheoldgit]

Tut-Tut Yet another link from Gromit's favourite newspaper.

[Zeuhl]

Can't we adopt Geezer's outsourcing model and send all the Geriatrics to Turkey or Thailand.

I expect the cost of providing care is a lot less there and they really know how to look after old people in those cultures.

And if they don't receive the latest medical care well the likely result (know what i mean) is an immediate saving in pensions etc

<Win-Win End Of> as Geezer might say

[ummmm]

Got an answer AOG or did you just pop in to snipe?

Like Birdie and Scotman. They really have no choice. Up to 31,000 elderly people....