Lord Cryer
Main Page: Lord Cryer (Labour - Life peer)
Michael Fallon
I think my hon. Friend knows that we have been working flat out to help the company to restructure since the fire at Daw Mill. That has involved intensive work with a number of other Government bodies. I understand how frustrating it is for him and, in particular, for those who work in the colliery not to have had an announcement yet, but I am hopeful that we will see progress in the next few days.
John Cryer (Leyton and Wanstead) (Lab)
Further to that question, the Minister will know that UK Coal has applied for a loan from the Government that would be paid back when the insurance comes through from the Daw Mill fire. What is happening with that loan?
Michael Fallon
The position is that insurance payments are now coming through to the company, so the financial situation is not quite as the hon. Gentleman describes it. I want to assure him that the Government are doing everything they possibly can to safeguard the financial future of the two collieries, and to assist the company in necessary restructuring following the disastrous fire at Daw Mill earlier this year.