Thomas Cook

Debate between Luke Pollard and Grant Shapps
Wednesday 25th September 2019

(6 years, 1 month ago)

Commons Chamber
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Grant Shapps Portrait Grant Shapps
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Yes, I will.

Luke Pollard Portrait Luke Pollard (Plymouth, Sutton and Devonport) (Lab/Co-op)
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I used to work for Thomas Cook and ABTA doing holiday protection, so I know that the ATOL scheme covers repatriation and also refunds. The Secretary of State has set out the repatriation costs. Will he set out how much the refunds cost is, because I understand that it is nearly £1 billion? Is that a figure he recognises?

Grant Shapps Portrait Grant Shapps
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I know that the hon. Gentleman has considerable expertise in these areas. The answer to his question is that £420 million is the projected cost of future bookings through the ATOL system, insured or through its funds.

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