Rupa Huq
Main Page: Rupa Huq (Labour - Ealing Central and Acton)Department Debates - View all Rupa Huq's debates with the HM Treasury
(1 day, 23 hours ago)
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Dr Rupa Huq (in the Chair)
As this is a 30-minute wonder, there will be no time for a concluding speech from Martin Rhodes. I remind other Members present that they cannot make a speech; they can only intervene, with permission from the Member who has the floor.
Martin Rhodes (Glasgow North) (Lab)
I beg to move,
That this House has considered financial inclusion.
It is a pleasure to serve under your chairship, Dr Huq. We need a financial system that removes barriers to accessing affordable financial products and services. Those on lower incomes, older people, those with health issues and people with disabilities all have unique needs that an inclusive financial system should be engineered to support. The Building Societies Association reports that 14 million people have less than £100 in savings. According to Fair4All Finance, there are certainly more than 20 million people in financially vulnerable circumstances in the UK.