Financial Services: Disadvantaged
The question
To ask the Chancellor of the Exchequer, what steps she plans to take to measure the impact of the Financial Inclusion Strategy.
Answered by Lucy Rigby
The development of the Financial Inclusion Strategy has been informed by a committee whose members are drawn from a range of organisations across the financial services sector and civil society. In addition, three sub-committees were established to inform specific areas of focus and similarly include a range of sector and civil society representatives. This reflects the fact that the successful delivery of the strategy will require a joined-up approach to achieve.
More widely, the Government has been engaging extensively with interested stakeholders, including industry and consumer representatives, to ensure the strategy is informed by a range of expertise and experience.
The strategy will be published later this year and will seek to tackle a range of barriers consumers face in accessing financial services and products. As part of developing the strategy, the Government is considering how to measure its impact.
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