Farepak customers to get 50p in £1

Customers of defunct Christmas savings firm Farepak will receive half of any money they lost when the firm collapsed, its liquidators said yesterday. BDO confirmed that payments to those that lost money will be made in August, with funds coming from a combination of an £8m payment from bank Lloyds, and a contribution from the Farepak Response Fund charity, which was set up by the Department for Trade and Industry in 2006 when the business collapsed.