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Proceeding contribution from Anne Snelgrove (Labour) in the House of Commons on Tuesday, 7 November 2006. It occurred during Adjournment debate on Farepak.


Farepak

There are 47 shopping days until Christmas, and we need to get on with this as quickly as possible. The DTI needs to bring forward a scheme, and I am pressing for that. I hope that the Minister will join me and other hon. Members in calling on the top retail companies, who do so well at Christmas, to use their corporate social responsibility budgets to help to save our constituents from loan sharks and to give them a good Christmas. My constituents have been adding to the profits of those companies in recent days by buying extra toys for the GWR charity campaign. One of the most obvious companies to which we should look is Findel plc. On Friday 13 October, when Farepak went to the wall, Kleeneze was bought by Findel plc. It has a database of Farepak’s customers and is in a position to support fundraising schemes. It has issued a press release suggesting that FTSE 100 companies contribute £50,000 into a savings fund, which would be interesting. Does the Minister know how much of Farepak’s customers’ money can be traced to Findel? I doubt whether that is a legal issue, but as a matter of corporate responsibility, Findel should help Farepak customers.


Secondary information

Type
Proceeding contribution
Reference
451 c187-8WH 
Session
2005-06
Chamber / Committee
Westminster Hall
Subjects
Companies Closures Personal savings Farepak Halifax Bank of Scotland
Link
View this Proceeding contribution on www.publications.parliament.uk