Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what role the new money guidance body will play in coordinating financial capability initiatives.

The government is committed to ensuring that members of the public are given the help they need to make informed financial decisions. This is why the government published a paper at Budget - Public Financial Guidance Review: Proposal for Consultation. The paper set out plans to create a new money guidance body which will identify gaps in the financial guidance market and commission targeted debt advice, money guidance and financial capability projects to fill those gaps.

The paper published at Budget sought views on how the new money guidance body should best deliver guidance services. The consultation closed on Wednesday 8 June and the government will publish a response in the Autumn.