§ John BarrettTo ask the Chancellor of the Exchequer what the total cost was of the Government's decision to underwrite the third party war risk insurance for UK airline and service providers. [22963]
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§ Mr. Andrew SmithThe total cost of the scheme is unquantifiable at this time, as it depends on potential claims—if any—made under the scheme to the Treasury as reinsurer. Full details of the scheme and the liabilities entered into were submitted to Parliament in a Treasury Minute of 28 November 2001.