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Farepak

Absolutely—my hon. Friend is quite right. There is also the issue of the bond. A lot of people wrote to me to say that the company had a bond, but it was laughable. It made customers feel protected, but it was for £100,000, which is peanuts as compared with £45 million. The Hamper Industry Trade Association Ltd called the bond"““a commitment of good intent””." I hope that the Minister will say that, if a company advertises a bond, it should be sufficient to cover that company’s liabilities. We are told that the Hamper Industry Trade Association Ltd urged Farepak in August to safeguard its savers’ money, but the firm said that protecting clients was not a legal requirement. I think that it should be and I hope that hon. Members in all parts of the Chamber think so, too.