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Thomas Cook Customers

Part of the debate – in the House of Commons at 1:24 pm on 5th November 2019.

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Photo of Andrea Leadsom Andrea Leadsom The Secretary of State for Business, Energy and Industrial Strategy 1:24 pm, 5th November 2019

The hon. Gentleman raises an important point. I have written to the Official Receiver today asking him to take carefully into account in his review the behaviour of directors in the run-up to the insolvency of Thomas Cook and to consider whether this further appearance of failure on their part should require further action with regard to his statutory duties. This will be thoroughly investigated, and if there is wrongdoing, the Official Receiver has the ability to claw back bonuses and, of course, to take further steps through the Insolvency Act 1986.