I have had a number of such discussions, because the Farepak collapse has been devastating for thousands of Welsh families.
I thank my right hon. Friend for that reply. Eighty families in my constituency have benefited from loans of up to £400 and £500, thanks to Valleys to Coast Housing's giving a £15,000 interest-free loan to the credit union. Some 139 new members have now joined the credit union, and Peter Morgan estate agents is also raising money and collecting gifts. Does my right hon. Friend agree that that is quite a contrast with the parsimony of HBOS and the Farepak directors, who took savers' money to save their champagne lifestyles?
I agree with the point that my hon. Friend makes. What has happened to Farepak customers is absolutely scandalous, and HBOS should ensure that it donates to the Farepak response fund. It has only six hours left to do so, so let it get on with it.
Is my right hon. Friend aware of the statement issued by unfarepak.co.uk—a network of young mums, 90 per cent. of whom are on low incomes, who are calling for a boycott of HBOS? Does he agree that HBOS does indeed have six hours to pay into the response fund more than the £2 million in interest that it made from Farepak, or accept the consequences?
All Members of this House will echo the sentiments expressed by my hon. Friend, and I pay tribute to her and to my hon. Friend Mr. Devine for the tireless way in which they targeted HBOS, ensured that the Farepak scandal was brought to the public's attention, and ensured that attempts were made to resolve the situation and to fill the funding gap that was so scandalously left.