Deal Agreed For Farepak Victims

The long suffering victims of the Farepak debacle (the Christmas savings club that collapsed in 2006) have finally had some reasonably "good" news.

They will end up receiving a total of 50p for every £1 that they saved with the company. Final payments will be made in August.

Suzy Hall, national campaign co-ordinator of victim group Unfairpak, is quoted in the Guardian:

"This is a much better outcome than we expected – to get 50p overall when we started with nothing in the pot, and then [were offered] just 4p for every £1. 

I'm extremely happy."