Asked by: Steve Darling (Liberal Democrat - Torbay)
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
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.
Asked by: Steve Darling (Liberal Democrat - Torbay)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure access to cash for disabled people through the roll-out of shared-banking hubs in local communities.
Answered by Tulip Siddiq
Access to financial services is key to ensuring all people, including those who are disabled and require in-person services, can participate fully in the economy and in society.
This is why the Government is committed to protecting access to cash withdrawal and deposit services for individuals and businesses, and welcomes the FCA’s final regulatory rules for cash access coming into force on 18 September.
The Government is also working closely with industry to roll out at least 350 banking hubs which will provide communities with critical cash and banking services. Over 140 banking hubs have been announced so far, with 100 expected to open by the end of the year. Cash Access UK, who oversee banking hub rollout, work to ensure that their physical premises are fully accessible, and their services promote an inclusive environment.