Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Written Ministerial Statement of 5 November 2025 on Financial Inclusion Strategy, HCWS1019, what steps she is taking to ensure the effective delivery of the commitments in the Strategy; what mechanisms she will put in place to (a) monitor and (b) publish progress against its objectives; and what funding has been allocated to support implementation partners over the next two years.

Earlier this month, I published the Government’s Financial Inclusion Strategy setting out an ambitious programme of measures to improve financial inclusion and resilience for underserved groups across the UK. This includes interventions for both Government and industry to address a range of barriers individuals and households face in accessing financial products, including making it easier to open a bank account without standard ID, build a savings habit and access affordable credit.

The Government recognises that action to improve financial inclusion requires a joined-up approach and will be working closely with industry and the regulator going forward to deliver on these interventions and make the strategy a reality.

As part of developing the strategy, the Government has engaged with Financial Inclusion Committee members and other organisations on how to measure its impact. The Strategy’s implementation will be reviewed in two years’ time to provide an update on interventions and relevant outcomes-based metrics, which will reflect on the progress made across the sector.

The Government has committed funding to support delivery of the strategy. This includes committing a further £132.5 million of dormant assets funding to Fair4All Finance for work that improves access to financial products and develops individuals’ ability to manage their finances in England, and over £100 million per year to the Money and Pensions Service to fund debt advice.