Oral Answers to Questions

Debate between Grant Shapps and Peter Bone

Thursday 24th October 2019 Commons Chamber

[Grant Shapps]

That is simply not correct. I met the chief executive of the company on 9 September, and I have checked my closing words to him at that meeting, which were—[Interruption.] The hon. Gentleman might want to listen. My closing words to that company and to the chief executive were: “If there is anything that Her Majesty’s Government could do then please get in touch.” The response was: “There is nothing that can be done at this time.” Later, on 18 September, he wrote to the Government asking for not the £200 million that has been reported, but up to £250 million. That decision would have required accounting officer sign-off for a company with debt of perhaps £1.7 billion or, we now hear, perhaps even £3 billion. It simply would not have stacked up. We would have spent all the money that has been spent on repatriation in any case, as well as money to bail out a company that had enormous debts.

[Mr Peter Bone (Wellingborough) (Con)]

The travel industry has a proud record of pulling together when a company goes under, and that happened in the Thomas Cook case. Thomas Cook would have had an air travel organisers’ licence, so the money that was used to repatriate people from abroad should be recovered from that fund, which is levied on the travel industry. The net cost to the Government should therefore be very small.