Financial Services: Disadvantaged
The question
To ask the Chancellor of the Exchequer, what assessment she has of the potential merits of introducing a national financial inclusion strategy.
Answered by Emma Reynolds
On 5 December, the Government announced its intention to publish a Financial Inclusion Strategy, developed alongside a supporting Committee. The Financial Inclusion Committee’s mission is to tackle barriers to individual and households’ ability to access affordable and appropriate financial products and services.
Through this committee, I am working with consumer groups and industry to develop, coordinate and implement interventions to support financial inclusion in the UK, ahead of the publication of a strategy later this year.
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