the air travel reserve fund set up by and used by the CAA to repatriate pax from collapsed tour operators and airlines and usually they have lodged a £££ bond - used to be TOSG tour operator study group - the travel trust
now ATOL and called the ATT Fund
https://www.caa.co.uk/ATOL-protectio...-Travel-Trust/
this is NOT funded by the UK tax payer - the ATT fund has a huge surplus
where do you get this nonsense from that its your hard earned money being spent - its not
it comes from this reserve fund and that in turn is funded by the airlines/holiday companies lodging a bond with the CAA which is money from sales of their tickets and holidays - a small % of each projected sale - its part of your protection when you buy an ATOL bonded tour or ticket