The Government understands that an alternative route for Thomas Cook personal injury claimants is being pursued that would potentially be financially beneficial to them.

The Government is committed to introducing the legislation to establish the payment scheme for customers of Thomas Cook with serious and long-term injuries for which the company would have been liable but for its insolvency, if it is established that there are no alternative routes to compensation.

BEIS and the FRC are responsible for UK accounting standards as set out in the Companies Act 2006. The FRC’s Accounting and Reporting Policy Team’s remit is to follow and comment on the work of the IASB as it develops IFRS. The FRC regularly discuss improvements and amendments to standards with the IASB and responds to consultations in the light of discussions with stakeholders.

At the end of the Transition Period, the UK Endorsement Board (UKEB) will work directly with IASB as part of their responsibilities for endorsing and adopting IFRS for the UK. One of the key responsibilities of the UKEB will be to ensure that adopting IFRS are in the UK’s public interest.

The investigations into Carillion and Thomas Cook are ongoing. We will consider the outcome of these investigations and where necessary bring findings to the attention of the IASB.

We are working to ensure that Parliamentary business can continue as far as possible during this period.

The data for this request is not held.

The Department is offering a range of support to anyone affected by the closure of Thomas Cook, through our Rapid Response Service (RRS) and wider services. This is designed to give practical support and advice to employers and their employees when faced with redundancy.

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.

Following the collapse of Thomas Cook, the Government committed to develop proposals for a capped, statutory payment scheme to support customers who suffered life-changing injuries, illness or loss of life while on Thomas Cook holidays for which the company would have been liable and who may now face serious financial hardship as a result of the company’s approach.

We intend to bring forward the legislation necessary to establish such a scheme in due course.

We are sympathetic to those affected by the collapse of Thomas Cook and passengers with ATOL protection are entitled to a full refund on any future bookings.

Following the collapse of Thomas Cook, the Government and the CAA together carried out the largest peacetime passenger repatriation. Consequently, the CAA are undertaking the UK travel industry’s largest ever refund programme.

In order to process refund claims as quickly and efficiently as possible, the Civil Aviation Authority (CAA) set up an automated claims process for claims to be submitted online, using the dedicated Thomas Cook claims website. Over the last four months the CAA have processed more than 95% of the claims they have received which totals over £310 million of ATOL payments to over 320,000 customers. They are still receiving hundreds of claims per week. If people require further assistance they should contact the CAA.

The archive of Thomas Cook’s historical papers has been transferred to the Record Office for Leicestershire, Leicester and Rutland in order that it can be preserved and made available for inspection.

The Department is offering a range of support to anyone affected by the closure of Thomas Cook, through our Rapid Response Service (RRS) and wider services. This is designed to give practical support and advice to employers and their employees when faced with redundancy.

The RRS is delivered in partnership with a range of national and local partners, including National Careers Service and local service providers. It was mobilised for former Thomas Cook employees to help people find a new job as soon as possible by offering tailored and individual support. Each Jobcentre Plus district area deploys resources according to the local situation and the needs of their claimants.

In addition, Citizens Advice (England and Wales) and Citizens Advice Scotland continue to deliver ‘Help to Claim’ support to claimants making a new Universal Credit claim. Help to Claim have offered locally tailored support to former Thomas Cook employees in need of assistance face to face, and through prioritised telephony and web-chat channels.

The Department keeps information we provide surrounding redundancies under review. This includes how we explain RRS and entitlements to benefits such as New Style Jobseeker’s Allowance and Universal Credit. We are committed to having the right level of resource in place to support and direct people to the correct benefit type.

It has not proved possible to respond to the hon. Member in the time available before Dissolution.

The Department is monitoring all new claims to Universal Credit to identify where the claimant is a former employee of Thomas Cook so that they quickly receive the right level of support.

For claimants who require urgent financial support, new claim advances provide access to a payment quickly, until the first regular Universal Credit payment is due. Claimants can access up to 100% of the total expected monthly award, which they can pay back over a period of up to 12 months.

From April 2019 Citizens Advice (England and Wales) and Citizens Advice Scotland are delivering ‘Help to Claim’ support to claimants making a new Universal Credit claim. Help to Claim have offered locally tailored support to former Thomas Cook employees in need of assistance face to face, and through prioritised telephony and web-chat channels.

Where we have seen an increase in demand, additional staff have been deployed from neighbouring offices on a temporary basis.

The Department is offering a range of support to anyone affected by the closure of Thomas Cook, through our Rapid Response Service (RRS) and wider DWP services. This is a redundancy service designed to give support and advice to employers and their employees when faced with redundancy. It is coordinated nationally by the National Employer and Partnership Team (NEPT) and is managed by Jobcentre Plus.

The RRS has been mobilised to help people find a new job as soon as possible by offering tailored support. Each Jobcentre Plus district deploy resources according to the situation and the requirements of the workforce. The RRS is delivered in partnership with a range of national and local partners, including National Careers Service and local service providers.

My rt. hon. Friend the Secretary of State for Business, Energy and Industrial Strategy has convened a special cross-government taskforce alongside local stakeholders to support employees, local stakeholders and supply chains. The taskforce is considering existing support schemes available and will also monitor local business impacts.

My rt. hon. Friend the Secretary of State for Business, Energy and Industrial Strategy has convened a special cross-government taskforce alongside local stakeholders to support employees, local stakeholders and supply chains. The taskforce is considering existing support schemes available and will also monitor local business impacts.

Local partners are able to advise on support available to suppliers affected by Thomas Cook going insolvent.

The Government welcomes the announcement that Hays Travel Limited has acquired Thomas Cook’s entire UK retail estate of 555 outlets. It is a matter for Hays Travel Limited to negotiate contractual arrangements with landlords for the ongoing occupation of the sites.