If you bin limited liability then you bin most business!
All those self-employed sole traders say otherwise.
All those in small limited companies who have to give personal guarantees also say otherwise.
Limited companies are a relatively modern invention, dating from 1855, and were created precisely to protect owners of businesses from the consequences of failure.
With the way shareholdings are now traded, leaving shareholders on the hook wouldn't necessarily work. But the directors should be personally liable for unpaid redundancy and failed pensions before anything comes out of the NI fund.
The current system is an asset stripper's paradise, as the Rover Four so gleefully proved.
As for the alleged sponging off the taxpayer, that is exactly what you and I would do if the situation allowed it
Speak for yourself.
would you refuse enhanced unemployment benefits if they were offered to you?
I would if I had a job, yes.
It does not mean that those people have loads of cash sitting around in bank accounts doing nothing.
Aye, I'm sure Dicky is down to his last twenty quid in liquid assets
Anyway, back on topic. IAG are a net contributor to the economy in the UK and I'd hope help would be available for them. Virgin- in all their forms- are not, with their businesses posting losses in the UK and profits in the BVI. And so I'd hope they'd be invited to go swivel.