Andrea Leadsom

• Following the statement today by Andrea Leadsom, Secretary of State for Business, Energy and Industrial Strategy, which included news that Thomas Cook only took out insurance cover for the very largest personal injury claims and for other claims they decided to self-insure through a provision in their accounts, Rachel Reeves, Chair of the Business, Energy and Industrial Strategy Committee said:
  This discovery by the Official Receiver that Thomas Cook decided to self-insure through a provision in their accounts raises, once again, serious questions about the judgement of Thomas Cook management.
• I hope the Official Receiver will now seek to fast-track its investigation into Thomas Cook directors rather than leave these parties free to pick up lucrative jobs elsewhere when there are such serious reservations about their conduct.
• Auditors must be brought to book when they fail to challenge management when scrutinising company accounts.
• Its absolutely right that a statutory compensation scheme is set up for those facing serious hardship but, once again, it is the taxpayer who is on the hook for clearing up the mess caused by Thomas Cook management.

• Following the statement today by Andrea Leadsom, Secretary of State for Business, Energy and Industrial Strategy, which included news that Thomas Cook only took out insurance cover for the very largest personal injury claims and for other claims they decided to self-insure through a provision in their accounts, Rachel Reeves, Chair of the Business, Energy and Industrial Strategy Committee said:
  This discovery by the Official Receiver that Thomas Cook decided to self-insure through a provision in their accounts raises, once again, serious questions about the judgement of Thomas Cook management.
• I hope the Official Receiver will now seek to fast-track its investigation into Thomas Cook directors rather than leave these parties free to pick up lucrative jobs elsewhere when there are such serious reservations about their conduct.
• Auditors must be brought to book when they fail to challenge management when scrutinising company accounts.
• Its absolutely right that a statutory compensation scheme is set up for those facing serious hardship but, once again, it is the taxpayer who is on the hook for clearing up the mess caused by Thomas Cook management.

On Tuesday afternoon at 3pm, the Business, Energy and Industrial Strategy (BEIS) Committee will question Secretary of State Andrea Leadsom on the work of her Department , with a likely focus on Brexit – including Operation Yellowhammer, Operation Kingfisher, and no-deal preparedness – on government policies to achieve Net zero, and on departmental priorities for the year ahead.

On Tuesday afternoon at 3pm, the Business, Energy and Industrial Strategy (BEIS) Committee will question Secretary of State Andrea Leadsom on the work of her Department , with a likely focus on Brexit – including Operation Yellowhammer, Operation Kingfisher, and no-deal preparedness – on government policies to achieve Net zero, and on departmental priorities for the year ahead.