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Episode details

Radio 4,16 Apr 2014,26 mins

The Country Rogue

Face the Facts

Available for over a year

John Waite investigates why dozens of farmers from across the UK say they face ruin after borrowing money from a Somerset based finance company. The high-interest loans came with the promise that cheaper finance would follow. But when that promise failed to materialise, farmers were left with a spiralling debt that could never be repaid. Many have seen their land repossessed and sold off at auction. Some have been left homeless. Face the Facts reveals that the man behind the company has a history of failed businesses, running up large debts and personal bankruptcy. In 2010 he managed to form a partnership with a £20 million investment scheme backed by some of Britain's biggest pension funds.

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