Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Financial Inclusion Strategy

05 November 2025

Proposing MP
Lucy Rigby Lab
Northampton North
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

Lucy Rigby presents the UK's Financial Inclusion Strategy, aimed at ensuring everyone can access financial products and services necessary for full economic participation.

Action Requested

The strategy outlines initiatives to improve access to financial services through six key pillars and will be reviewed in two years. It has been developed with input from a Financial Inclusion Committee and various stakeholders.

Key Facts

  • The strategy aims to ensure everyone can access the financial products they need.
  • It includes ongoing rollout of 350 banking hubs.
  • A new digital pass is being developed to help prove identity.
  • Six key pillars cover banking, savings, insurance, credit, problem debt, and financial education.
  • Three themes (mental health, accessibility, economic abuse) are considered throughout.
  • The strategy will be reviewed in two years.
▸ Assessment & feedback
Summary accuracy