Last week, BBC Radio 4 aired a documentary investigating why dozens of farmers from across the UK, including North Devon, are facing potential financial ruin after borrowing money from a Somerset based farm finance business. As this is an issue I have been working on after some of my constituents fell victim to this company, I was asked to contribute to the programme. Farmers were sold high interest rate loans that came with a promise that cheaper finance would follow. But this promise never materialised and now many face losing or have already lost the farms run by their families for decades. Face the Facts investigates the man behind the company who has a history of failed businesses, running up large debts and personal bankruptcy. You can listen to the full report via the link below. bbc.co.uk/programmes/b040hzz5
Posted on: Fri, 25 Apr 2014 13:30:27 +0000
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