Thomas Cook

Lord Cormack Excerpts

Tuesday 5th November 2019 Lords Chamber

[Lord Duncan of Springbank]

The noble Lord is right that there are issues around more than just the component parts of the holiday because, as an entity, Thomas Cook is not just a single company. It has different named brands that sit underneath that name. The important thing for us here is that this will be through those who have booked a holiday with Thomas Cook, and have experienced severe injury and so forth as a consequence of that booking. In many instances, these are historic payments that will be halted because of the situation. They are not ongoing future payments, although some fit into that category. What is important here is that the manner in which Thomas Cook sought to address those questions will have been part of the initial settlement that Thomas Cook reached. The question we are then taking on is: how do we compensate and match a measure of the liability that was experienced? It will be done through the criteria that we set in primary legislation, which we will afford your Lordships an opportunity to examine in greater detail.

[Lord Cormack (Con)]

Is my noble friend aware that we will take great encouragement from the fact that he is involved in helping to solve this very difficult problem? We are all grateful to him for the way in which he led on the Northern Ireland Bill, which has just gone through the other place and is now the law of the land. He has shown commendable leadership and initiative. We have been glad to give him support and I hope that he will be reassured that we want to do the same for the expeditious legislation that will be necessary at the beginning of the new Parliament.

[Lord Duncan of Springbank]

The noble Lord is very kind and generous. A number of your Lordships were involved in the Bill on historical institutional abuse. It is now the law of the land, and we can all take heart from that. I will be as diligent in this regard as I can be and will do all I can in the new Parliament, if I am spared, to do this.