The Government needs a complete plan to tackle financial exclusion

The Government’s Financial Inclusion Strategy is a welcome first step, but it is not a complete plan to tackle financial exclusion according to a new Treasury Committee report. The strategy fails to show: Who is excluded, Where exclusion is concentrated, Which services and products are people excluded from and Why are they excluded. Without this information,…

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Incomplete data means 5 million are needlessly ‘financially excluded’

More than 5 million adults are unnecessarily financially excluded, meaning they could potentially struggle to access affordable and fair financial services and the most affordable home energy and broadband deals, according to research conducted by LexisNexis Risk Solutions. The report found that 1 in 7 adults in the UK (c.7.1 million people) fall into the…

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