Leading economist John Kay, who writes a regular column in the Financial Times, has criticised the management of Farepak for blaming the banks for its demise.
The collapse of Farepak has deprived thousands of lower income families of their Christmas savings. Without naming names - parent company Chairman Sir Clive Thompson being the most famous - Kay has suggested that it was poor strategy rather than the banks which were to blame.
To read John Kay's article, click on the post title.
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