Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department is taking steps to introduce a National Financial Inclusion strategy.

Answered by Tulip Siddiq - Economic Secretary (HM Treasury)

Ensuring all individuals have access to the appropriate financial services and products they need is a key priority for Government and is vital to supporting people’s financial resilience and wellbeing. It is also an essential part of achieving inclusive growth and ensuring individuals are able to fully participate in the economy.

The Government is currently taking steps to understand barriers to financial inclusion in more detail and I am committed to considering what more can be done.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of introducing a national framework inclusion strategy on accessible and inclusive banking.

Answered by Tulip Siddiq - Economic Secretary (HM Treasury)

Ensuring all individuals have access to the appropriate financial services and products they need is a key priority for Government and is vital to supporting people’s financial resilience and wellbeing. It is also an essential part of achieving inclusive growth and ensuring individuals are able to fully participate in the economy.

As part of prioritising financial inclusion, the Government is working closely with the financial services sector to roll out at least 350 banking hubs which provide individuals and businesses up and down the country with in-person cash and banking services. I am committed to considering what more can be done to support accessible and inclusive banking for all.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department is taking to help increase financial inclusion of people with learning disabilities.

Answered by Tulip Siddiq - Economic Secretary (HM Treasury)

Ensuring all individuals have access to the appropriate financial services and products they need is a key priority for Government and is vital to supporting people’s financial resilience and wellbeing. It is also an essential part of achieving inclusive growth and ensuring individuals are able to fully participate in the economy.

As part of prioritising financial inclusion, the Government is working closely with the financial services sector to roll out at least 350 banking hubs which provide individuals and businesses up and down the country with in-person cash and banking services. I am committed to considering what more can be done to support accessible and inclusive banking for all.

Found: roles where companies fail to meet required standards relating to consumer matters, the environment, financial

Found: The PRA’s new rules, including those already announced in December 2023, have both financial resilience

Found: companies unless they meet high standards when it comes to protecting the environment, their consumers, financial

Found: companies unless they meet high standards when it comes to protecting the environment, their consumers, financial

Found: participants engaged in this research were vulnerable by virtue of having limited financial resources and/or financial

Found: The research also showed that younger people (aged 18-34), those with low financial resilience, those

Found: resilience.

Found: accordance with strategic and statutory priorities; and • how the body identifies and manages risks to financial

Found: • Review their transformation programme as a matter of urgency and commission an ext ernal financial

Found: The research also showed that younger people (aged 18-34), those with low financial resilience, those

Found: Increasing costs for families with low financial resilience is likely to create a negative impact.