Oral evidenceSelect & Joint CommitteesTuesday, 9 June 202609:30

Treasury Committee: Financial Inclusion Strategy

Committee hears from witnesses

The Treasury Committee will take oral evidence on the government's Financial Inclusion Strategy, examining how policy can improve access to banking, credit, and financial services for excluded or underserved populations. The session will explore barriers to financial participation—such as lack of bank accounts, high-cost borrowing, and limited access to mainstream credit—and test the effectiveness of government plans to address them.

Financial exclusion directly affects household resilience and costs: people without bank accounts pay more for essential services and are trapped in high-interest lending cycles. The strategy's success or failure determines whether millions of poorer households can access cheaper credit, build savings, and participate fully in the economy. This is a core cost-of-living issue with long-term implications for economic stability and social mobility.

Tax & Public Finances Cost of Living

Committee mentioned:Treasury Committee