After the 178 years, travel firm Thomas Cook collapsed under a pile of debt on Monday 23rd of September, leaving tourists stranded across Europe. Soon after, speculations flourished as whether the failure could have been fueled by the looming threat of a no deal Brexit. According to Iain Begg, professor at the London School of Economics, the answer is not so simple. "It is clearly about the internal management of the company," he says.

Thomas Cook bankruptcy: "A company that doesn't make money ultimately tends to go bust"

After the 178 years, travel firm Thomas Cook collapsed under a pile of debt on Monday 23rd of September, leaving tourists stranded across Europe. Soon after, speculations flourished as whether the failure could have been fueled by the looming threat of a no deal Brexit. According to Iain Begg, professor at the London School of Economics, the answer is not so simple. "It is clearly about the internal management of the company," he says.