XL - Still confusion and cost

Angry piece in the Times today from Stephen Pollard:

According to reports at the weekend, taxpayers - you and me, in other words - will be stiffed to the tune of £20 million to pay for the flights home of some people caught out by the collapse of XL. The Civil Aviation Authority runs a compensation scheme to take care of stranded holidaymakers and to refund forthcoming holidays that won't take place. But the scheme is already £21 million in deficit. So guess who is going to pick up the tab? You and me.

I did not see the weekend comments however:

• Why is the CAA fund in deficit ?
• Does it really cover forthcoming flights ?
• Where does the various ATOL /IATA/Holiday insurance /bond/schemes overlap this one?

As I have said on previous posts, someone need to straighten this out to end the confusion etc. especially as further airlines will inevitably fail.