Tuesday, November 21, 2006

FAREPAK COMPENSATION FOR MONTGOMERYSHIRE SAVERS


Many families in Montgomeryshire will be having a miserable Christmas because of the recent collapse of the hamper company Farepak and the fund set up for the victims of the collapse may not pay out any money until 18 December. This is an intolerable situation for these unfortunate people who have lost money through no fault of their own.

Farepak was a popular means of obtaining Christmas goods especially for people in isolated areas or for those with limited mobility. The most vulnerable have been affected and I am calling for the fund to be split up and redistributed much earlier than 18 December so that they can make alternative arrangements. The company Chairman, Sir Clive Thompson, who took £100,000 for his part-time job on top of his £894,000 salary with an investment company could also be doing more to help Farepak customers as this difficult time.

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