Thomas Cook

Lord Lexden Excerpts

Wednesday 25th September 2019 Lords Chamber

[Baroness Vere of Norbiton]

I thank my noble friend, who makes an extremely important point. I may be mistaken, but I did understand that BALPA wanted the Government to give Thomas Cook the £250 million, which, in my mind, would just be propping up a failing board, which, clearly, he does not have an awful lot of respect for.

It is top of mind to make sure that the employees are treated as well as possible. The Insolvency Service is preparing to pay statutory redundancy to employees. I will look further into exactly what payments will be made and when, and I will include payments that are due to pensions. I will provide as much information as I possibly can and I will put a copy of my letter in the Library to clarify what the Government and the Insolvency Service can do to support employees in the short term. In the longer term, as I have already said, the Jobcentre Plus rapid response service is there, waiting and able to help employees. I have been really heartened by so many companies, such as British Airways and Heathrow Airport, sharing their jobs’ pages on Twitter and saying, “Look, Thomas Cook staff, we respect you. You are good workers. We’ve got jobs, please apply to us”.

[Lord Lexden (Con)]

Will the Government, in due course, produce a full report which they will lay before Parliament, setting out the causes of this disaster, the tremendous rescue operation that is under way, and the full costs for which the noble Lord, Lord Browne of Ladyton, has asked?

[Baroness Vere of Norbiton]

My noble friend makes a very important point. All this information will be available in due course.