Asked by: Joe Morris (Labour - Hexham)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of which regions are most impacted by financial exclusion.
Answered by Emma Reynolds - Secretary of State for Environment, Food and Rural Affairs
On 5 December, the Government convened a Financial Inclusion Committee which has been established to tackle the problems of financial exclusion. Through this committee, I will work with consumer groups and industry on the development of a Financial Inclusion Strategy.
I recognise the different impact of financial exclusion across regions, particularly when comparing urban and rural areas. As such, we will be working closely with organisations from across the UK to fully understand the barriers individuals are facing and ensure that the development of the strategy is informed by a range of perspectives and expertise.