UK right not to rescue Thomas Cook: PM

British Prime Minister Boris Johnson says his government is right not to bail out tour company Thomas Cook, arguing that travel firms should do more to ensure they don't collapse.

The 178-year-old tour operator ceased trading on Monday after failing to secure STG200 million ($A368 million) in rescue funding.

Johnson said the government would help repatriate 150,000 stranded British travellers. But he said bailing out the company would have established "a moral hazard" because other firms might later expect the same treatment.

Johnson said, "We need to look at ways in which tour operators one way or another can protect themselves from such bankruptcies in future."

"One is driven to reflect on whether the directors of these companies are properly incentivised to sort such matters out."


Where to commemorate ANZAC Day 2021 in the North Burnett

Premium Content Where to commemorate ANZAC Day 2021 in the North Burnett

FULL LIST: See where to honour our brave servicemen and women in the North Burnett...

Drink driver busted after hitting parked car, driving off

Premium Content Drink driver busted after hitting parked car, driving off

A North Burnett woman was busted 3x the legal alcohol limit after hitting a parked...

Former cricket star to launch 2021 Relay for Life Campaign

Premium Content Former cricket star to launch 2021 Relay for Life Campaign

The South Burnett Relay for Life 2021 campaign is set to launch this week with the...