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Written question asked by Neil Coyle (Labour) on Tuesday, 14 July 2026, in the House of Commons. It was due for an answer on Thursday, 16 July 2026. It was answered by Rachel Blake (Labour) on Monday, 20 July 2026 on behalf of the Treasury.

Coronavirus Job Retention Scheme and Self-employment Income Support Scheme

Question

To ask the Chancellor of the Exchequer, what estimate her Department has made of the total monetary value of taxpayer-funded COVID-19 support payments, specifically the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme, that were deducted by insurance companies from business interruption insurance payouts.

Answer

The Government has not made an assessment of the total monetary value of insurance company deductions from business interruption insurance payouts.

The Supreme Court published its final judgment in the FCA’s Business Interruption Insurance test case in 2021. At the time of the judgment, the FCA set out its expectation that insurers should communicate to all impacted policyholders what the judgment meant for their claim and should move quickly to resolve claims as determined by the judgment.

The FCA court case did not cover all potential issues with business interruption policies. The FCA has been clear that, in the event of further court rulings, insurers will need to consider carefully how the rulings impact claims they have already decided.

The FCA is continuing to supervise firms to ensure they are meeting their expectations and has robust powers to take action where necessary.

Secondary information

Type
Written question
Reference
18629
Session
2026-27
Grouped for answer
Yes
Subjects
Business Insurance Coronavirus job retention scheme Self-employment income support scheme
Contains statistics
Yes
Link
View this Written question on www.parliament.uk