Banks: Unbanked and Underbanked Debate

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Banks: Unbanked and Underbanked

Lord Geddes Excerpts
Monday 11th April 2016

(8 years, 11 months ago)

Lords Chamber
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Lord Ashton of Hyde Portrait Lord Ashton of Hyde
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My Lords, I would be very happy to do that but do not want to steal my noble friend the Leader’s thunder at 6 pm or thereabouts. The fact is the Government are doing an awful lot on overseas territories and Crown dependencies. The noble Lord may shake his head, but I will leave it there because it is not the subject of the Question.

Lord Geddes Portrait Lord Geddes (Con)
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My Lords, as I am a bear of very little brain, could my noble friend explain to me what underbanked means?

Lord Ashton of Hyde Portrait Lord Ashton of Hyde
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My Lords, underbanked means those who do not have access to the full range of services: people who are unable to access bank accounts in the way that most of your Lordships can.