Government plans new laws to protect Britons who use savings clubs

Move comes 16 years after collapse of Christmas savings club Farepak, which left thousands unable to access cash

Photograph: Rosemary Calvert/Getty ImagesPhotograph: Rosemary Calvert/Getty ImagesNew laws are to be announced this week aimed at protecting the hundreds of thousands of Britons who use savings clubs to put money aside forThe government said it would also look at whether there were other sectors posing risks to people who prepay for goods or services, and whether similar protections were needed.

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