Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to improve access to affordable credit.

The Government recognises that affordable and responsible credit can help households manage unexpected costs and cash flow.

In November, we published the Financial Inclusion Strategy, developed with consumer groups and industry. The Strategy includes a pilot scheme for small sum lending and measures to strengthen the community finance sector, including encouraging partnerships with mainstream financial firms.

We will continue to work closely with stakeholders to implement the Strategy and improve access to affordable credit.