Thousands of women on limited incomes decide on the prudence of saving for Christmas. They join a hamper club. A quaint notion that sits with warm beer and home-made apple pie. Reliable. Unostentatious. Some start saving from January to fund the festive season. These women do this (it’s almost exclusively a female thing) because although they struggle to pay for the extras in life, when it comes to Christmas they want to see the light of delight in the eyes of the children. And, they want to put on a spread that skimps on nothing. Diligently they save.
But, then, several weeks before the women are to crack open their piggy banks, they discover they are empty. Their savings have disappeared. Just like that.
Described by an MP as ‘legalized money laundering from the poor to the rich’, the Farepak Christmas Saving Scheme debacle is a casebook study in corporate cynicism.
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