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Farepak

Credit unions would be a good source of short-term loans. Does my hon. Friend agree with the sentiments of early-day motion 2874? The issue ranges wider than Farepak. Indeed, Halifax Bank of Scotland has a responsibility for what has happened, because it allowed Farepak to continue to trade, even though it was in significant difficulties. HBOS must have known the type of families and individuals who were trying to save with Farepak while it raked in £1 million a week to reduce Farepak’s overdraft. Was not it either cupidity or stupidity on the part of HBOS?