Financial Inclusion

Will Stone Excerpts

Wednesday 22nd October 2025 Westminster Hall

[Martin Rhodes]

I agree that there is a need for face-to-face services. Many people rely on that face-to-face support, so access to banking services through banking hubs is important. I welcome the Government’s roll-out of the hubs, and I look forward to what the Minister has to say about how the scheme will be developed.

Beyond the issues that TAG raised with me, there are many other disabled groups with particular needs, such as blind and partially sighted people. The Royal National Institute of Blind People has reported that only two in five blind and partially sighted people manage their finances independently, and over half of those who do not do so say that it is because of their sight loss. The common reasons that they cite are a lack of confidence and facilities no longer being available. Other experiences of financial exclusion that they report include information not being in an accessible format, a lack of trained bank branch staff and a lack of digital literacy for the transition to digital banking. That is just one example that shows how a truly inclusive financial system will have to be tailored and adaptable to the needs of a diverse range of people.

These are reasons why the financial inclusion strategy must be informed and shaped by the experience of people with disabilities and abilities. The Government must facilitate a proper dialogue between banks and disability groups. Disability-sensitive staff training is needed. Access to cash needs to be protected, including with more free ATMs and inclusive banking hubs. More broadly, the Government must tackle barriers to individuals’ and households’ ability to access affordable and appropriate financial products and services.

[Will Stone (Swindon North) (Lab)]

My partner, who is a financial adviser, often tells me that people come to her far too late in life, when they are in trouble. Does my hon. Friend agree that we need to be more inclusive with education on finances, to gear up the next generation to support themselves, set up pensions and so on?

[Martin Rhodes]

I certainly acknowledge the need for financial education from an early age, so that people understand the system. One of the areas of exclusion is the fact that people just do not understand what financial services and products are. We need to ensure that people understand their options and can explore them.

Even if we addressed all the issues with financial inclusion that we have raised in this debate, there would remain fundamental issues of poverty and inequality in our economic system. The pervasiveness of loan sharks, the lack of access to affordable credit and the heightened cost of living crisis, which have eaten into many people’s savings, all contribute to an exclusionary financial system. I look forward to the publication of the financial inclusion strategy, but also to the publication of the child poverty strategy, alongside action to reduce poverty, promote equitable growth and increase opportunities for all. If we get all of that right, we can build an inclusive financial system for all. I know that the Minister takes these issues seriously; I look forward to her response.

Budget Responsibility Bill

Will Stone Excerpts

Committee of the whole House
Wednesday 4th September 2024 Commons Chamber

[The Chairman of Ways and Means (Ms Ghani)]

I call Will Stone to make his maiden speech.

[Will Stone (Swindon North) (Lab)]

Thank you, Ms Ghani, and congratulations on your position. I also congratulate my hon. Friend the Member for Portsmouth North (Amanda Martin) on her inspiring speech. I feel like I know her constituency a little better now, and I commend all those who have delivered their maiden speeches today and in recent weeks. You have all been fantastic.

It is truly an honour for me to make my maiden speech in a debate on budget responsibility, and I am proud to be elected in this new Labour Government—a Government committed to fiscal responsibility, credibility and accountability. We will ensure that taxpayers’ money is managed and spent wisely, not recklessly as the previous Administration did. I have the absolute pleasure of representing Swindon North, the town where I was born, raised and am proud to call my home. I am also proud of the fact that I am the first Member of Parliament in Swindon North’s history to have been born in the town.

I pay tribute to my predecessor, Mr Justin Tomlinson, who served as the Member of Parliament for North Swindon for 14 years. Justin was a ferocious campaigner and he also supported many local community groups and was incredibly passionate about football, namely our local club, Supermarine FC. While we do not align politically, Justin has my respect, so I thank him for his service.

I would also like to mention another former Member of Parliament for Swindon: one of my mentors, the Labour peer Lord Michael Wills. I have learned so much from Michael. Even though he is going through an incredibly tough time with his health, he has always been there to support and guide me with his expert knowledge. Michael is not only a top-notch politician, but a published author of crime novels. I only recently found that out, but I guess it is not too much of a surprise, considering he was once a Minister of State for Justice. I am truly privileged to follow in his footsteps. If I am half the parliamentarian he was, I will have done Swindon proud. I hope the House will join in wishing him a speedy recovery, and I hope to repay his trust in the Chamber.

I am the first Brazilian jiu-jitsu black-belt to be elected to Parliament, and I used to run my own academy. Ms Ghani, I promise this is somewhat relevant. When I left the Army, I had offers to teach Brazilian jiu-jitsu across the world, from Abu Dhabi to Arizona, but I picked Swindon. I am often asked, “Why did you choose Swindon?”, but it is an easy answer for me: I love Swindon. I love my hometown. It is a wonderful town built on industry and is full of passion and hope. Our history is a proud history of reinvention. We started life as a farming town with a focus on pig markets, then we transitioned and became a hub for the railways in the 19th century. Generations of railway workers and their families benefited from the cradle-to-grave healthcare that is rumoured to have inspired the great NHS. As technology developed, so did Swindon, and we became home to the likes of Rover, Honda and Mini, but what is next?

We are at a pivotal point in history for my town. Where does Swindon go next? My hope is that it will go as it always has: into the future, at the forefront of new technologies and green technologies. I hope that my right hon. Friend the Member for Doncaster North (Ed Miliband) hears that. It is my mission to foster green growth in Swindon and see the town thrive again with high-skilled, well-paid jobs. I believe that in a growing, stable economy, we can see that happen. Swindon is not just famous for its high number of roundabouts—if anyone in the Chamber has ever visited, I am sure they will remember those fondly—as we have also had the pleasure of not one, but two James Bond movies being filmed in the town.

It is impossible to talk about Swindon without mentioning its people. The people make Swindon what it is: a kind, welcoming, industrious place full of passion, innovation and a desire to support others, including strong local charities such as BEST, a charity at the forefront of tackling antisocial behaviour through mentoring and sports, the Kelly Foundation, which supports people suffering with mental health issues, and Changing Suits, which is breaking down barriers in diverse communities to ensure that people get the help they need. I want to say how proud I am of the residents in Swindon. We have seen tough times across the country, with riots sparked by division invading many communities, but they did not come to Swindon because in Swindon we know that diverse communities can stand strong together against extremism. We will not let division and hatred divide us; we will unite together and stand strong.

Swindon, for all its qualities, is not without its fair share of challenges—challenges that I will face head on. Our people are among the least likely in the country to go on to higher education. We have growing levels of knife crime and antisocial behaviour, raw sewage being pumped into our streams and residents of large housing estates being affected by unjust management companies and fleecehold. However, I am confident that with our renewed Labour party and our ambitious agenda set out in the King’s Speech—whether that is recruiting and retaining teachers, increasing police presence on our streets, providing mental health professionals in schools or reforming leasehold and fleecehold—all backed and fully costed in a fiscally responsible Budget, the people of Swindon North will experience the positive change they deserve.

To finish, I am proud to be here representing such a fantastic group of people. It truly is the opportunity of a lifetime, so once again, I say thank you so much to the people of Swindon North who have put their faith in me. I will not let you down.

[The Chairman of Ways and Means (Ms Ghani)]

I call Marie Goldman to make her maiden speech.