Socialist Worker

Farepak victims fight five years on

Issue No. 2283

Victims of the Farepak savings scandal were set to take their fight for compensation to parliament on Wednesday of this week.

Farepak, which produced Christmas hampers, collapsed five years ago.

Some 116,000 people lost a total of £37 million that they had saved up. They have been told they will receive just 15p for every pound they invested—although even this has yet to be refunded.

Campaigners want legal changes that would prevent firms like Farepak from operating without regulation.


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News
Tue 13 Dec 2011, 17:13 GMT
Issue No. 2283
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