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Volume 455: debated on Tuesday 16 January 2007

To ask the Secretary of State for Trade and Industry if he will make a statement on progress on his Department's inquiry into the collapse of Farepak; and when he expects the inquiry to be completed. (114241)

[holding answer 11 January 2007]: The investigation is progressing satisfactorily. It will be completed as soon as possible consistent with the need for a thorough inquiry into the matters of concern. As my right hon. Friend knows, as soon as administrators were appointed for Farepak the Secretary of State announced an immediate investigation instead of waiting months for the administrators to report so that the facts could be established as soon as possible as a basis for further action.