Monarch Airlines

John Bercow Excerpts

Monday 9th October 2017 Commons Chamber

[Kelvin Hopkins (Luton North) (Lab)]

As the MP for Luton North, I represent many of those who have lost their jobs, and I have to say that, had the company been in public ownership—with proper transparency and accountability to Parliament—I suspect that this would not have happened. [Interruption.]

[Mr Speaker]

Order.

[Kelvin Hopkins]

My concern is that, when the company collapsed, the assets had almost all disappeared, so there was very little financial value in the assets of the company. Was this to benefit shareholders and owners, and how much money has the state effectively paid out that the owners and shareholders should have been accountable for?

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[Chris Grayling]

I suspect that there will be exactly such a probe, but I also suspect that it will be led by the hon. Member for Nottingham South (Lilian Greenwood) and her Transport Committee. I do not want to gainsay what the Committee will do, but I would expect a rigorous inquiry, and my Department and the CAA will be very happy to co-operate with it.

[Mr Speaker]

James Gray.

[James Gray (North Wiltshire) (Con)]

Yes, Mr Speaker. I join my friends in congratulating the Secretary of State, the CAA and others on a magnificent operation to repatriate so many people who would otherwise be marooned overseas. However, I remain concerned, because I have a number of constituents who had booked holidays but not yet travelled. Will they be covered under the ATOL scheme, or under credit card insurance schemes, and how many people have been affected in that way?

--- Later in debate ---

[Mr Speaker]

That was a very speedy recovery from the intoxicating effects of conversation with the right hon. Member for North Shropshire (Mr Paterson), and a very useful guide to new Members on how to perform at a moment’s notice in the way that the hon. Gentleman has done. He did signal earlier that he wished to be called, so I was not picking on him.

[Chris Grayling]

Of all those involved, I feel most deeply for those who made bookings but have now lost trips and holidays. I very much hope that we can get Monarch staff into employment quickly. I hope that we can get all the passengers back safely and well. For those who have lost bookings, it is a deeply traumatic time, and we heard some very sad stories last week. Anyone who booked with ATOL protection or who booked using a credit or debit card will be able to get a refund. My advice to anyone in that position is always to ensure that they have at least one of those cover options available in case something like this happens again—let us keep our fingers crossed that it does not for a very long time.

--- Later in debate ---

[Hon. Members]

Hear, hear.

[Mr Speaker]

I do not think the hon. Gentleman realised how popular he was—and I do not think anyone else did either.

[Andrew Bridgen]

Thank you, Mr Speaker. Does the Secretary of State agree that, although every lost job is a human tragedy, the British aviation industry remains robust and resilient? I am reminded of 2012, when British Midland International collapsed, with the loss of 1,200 jobs at East Midlands airport in my constituency. These are very highly skilled people who are quickly absorbed back into the economy. Unemployment in North West Leicestershire remains at a record low of 1%.