Written evidence to be reported to the House
Banking Bill
4:40 pm
Peter Bone (Wellingborough, Conservative)
With due respect, you are missing the point. We all agree that the money has to come quickly. Let us consider the travel industry, and the arrangements of the air travel organiser’s licence and ABTA. That is effectively paying in during the good years for when something goes wrong. It is rather like an insurance policy. We all want them paid out quickly, but why should the money fall on the taxpayer to do it immediately?