£8 million for former Farepak customers

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.

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