By the time we get to the September ATOL renewals there could be £5-10 billion of ABTA's rum Refund Credit Notes in the market.

If you accepted a Refund Credit Note and then your tour operator fails before redemption to cash YOU COULD LOSE 100% OF YOUR MONEY unless it turns out your RCN was ATOL protected.

Is your RCN ATOL protected? Who knows? Only the CAA can say, everyone else is just offering an opinion.

Would I accept a RCN following the Minister's comments yesterday?

HELL NO.