The former MP for South Swindon has welcomed news that customers of the collapsed Christmas savings firm Farepak will receive more of their money back. Anne Snelgrove said she was delighted that the liquidators will pay an extra 32 pence for each pound lost - taking the total to 49p.
Tens of thousands of people lost an average of four hundred pounds when the Swindon based firm collapsed in 2006.
The bank HBOS has decided to make £8 million available to help former customers of the collapsed Farepak Christmas hamper business which was based in Swindon.
It comes after Mr Justice Peter Smith accused the bank of taking a "hardball approach" and suggested it should "seriously consider" adding to the £2 million it put into a distress fund in 2006 for Farepak's customers.
HBOS said it had acted legally, but said that the group had "wider responsibilities" to the community as well as legal and financial obligations.
The Conservative MP for South Swindon Robert Buckland, has welcomed the business secretary's decision to write to the bankers of Farerpak. Tens of thousands of people lost an average of four hundred pounds each when the firm collapsed in 2006.
Now Dr Cable is writing to the firm's bankers asking them to increase compensation following critical comments by a judge at a court case last week.