Oral Answers to Questions

Baroness McIntosh of Pickering Excerpts

Thursday 16th May 2013 Commons Chamber

[Mr Paterson]

Having seen the floods in Exeter, I know that this is a key issue there. I hope that the right hon. Gentleman will welcome the new schemes, which will be of great benefit to many thousands of his constituents. I cannot negotiate with him on the Floor of the House, but we are fully aware that a great many people are vulnerable to increases in premiums, and we view this as a real priority. I think that the fact that the ABI has told us that only one month is needed for us to conclude our important discussions shows how close we are to an agreement.

[Miss Anne McIntosh (Thirsk and Malton) (Con)]

I welcome the news about the ABI, but can my right hon. Friend reassure us that enough time is available for the introduction of the legislation that will be required to replace the statement of principles, given the time frame involved? Can he also reassure us that it will cover home contents insurance for those who live in rented accommodation that is flooded?

[Mr Paterson]

As my hon. Friend—who chairs the Environment, Food and Rural Affairs Committee—is aware, we will be presenting a water Bill in the summer, and we shall have an opportunity to include clauses that will lead to the legislation that is required. We are convinced that, whatever happens, there will have to be some form of legislation to ensure that the arrangement is comprehensive. The detail to which my hon. Friend refers will be dealt with in the negotiations.