Financial Inclusion: New Technology

Baroness Stowell of Beeston Excerpts
Thursday 6th July 2017

(7 years, 5 months ago)

Lords Chamber
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Baroness Stowell of Beeston Portrait Baroness Stowell of Beeston (Con)
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My Lords, I am also grateful for the indulgence of the House to allow me to speak briefly in the gap. I congratulate my noble friend Lord Holmes not just on securing the debate today but on the interest that he has taken in this topic.

I am an interloper today—I was in the Chamber and decided to stay to hear what my noble friend wanted to raise. I want to be a little more basic even than my noble friend Lady Stedman-Scott. I find all this really interesting; the scope and opportunity is clearly vast. The Minister may tell me, “If you had been here for this or that debate, you would have heard all this”, but, beyond the technicalities of inclusion, exclusion and fintech, are we yet introducing at school a more basic introduction to financial management? All this technology is fantastic, but there is a big gap in helping people understand basic financial management and good finances.