Thomas Cook: Insolvency

(asked on 27th January 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether it is the Government's policy to introduce a statutory compensation scheme for customers facing serious hardship as a result of injuries or loss of life suffered while on a Thomas Cook holiday.


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 3rd February 2020

As announced to the House by my rt. hon. Friend the Secretary of State on 5 November, the Government intends to introduce a scheme to assist those facing serious hardship as a result of a life-changing injury, illness or loss of life for which UK-based Thomas Cook companies would have been liable, but for insolvency.

While the government cannot and will not step into the shoes of Thomas Cook, we are developing proposals to make payments to those in need, and who otherwise will receive nothing. Any scheme must strike a responsible balance between supporting those in the most serious financial need and our responsibility to the taxpayer. Accordingly, it will be a capped fund, sufficient to ensure there is support for those customers facing the most serious hardship.

Legislation to deliver the scheme will be introduced in due course.

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