Eurotunnel - Statement

Part of the debate – in the House of Lords at 6:36 pm on 4th March 2019.

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Photo of The Earl of Courtown The Earl of Courtown Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords) 6:36 pm, 4th March 2019

My Lords, the noble Lord, Lord Tunnicliffe, has asked a number of questions. He asked what the payment of £33 million was based on. It followed detailed negotiations, fully informed by legal advice. The figure represents the financial impact of us not having the critical capacity we need if the contracts are cancelled. The noble Lord also asked what this money will be spent on. Under the agreement, the money will be spent on measures that will improve security and traffic flow at the border, benefiting both passengers and businesses. This will include improved access to the UK terminal, increased security protection within the terminal and improved traffic flow. There is a binding obligation to spend the money in these areas.