The Financial Inclusion Commission aims to make #financialinclusion a top political priority in order to meet the needs of the millions excluded in the UK
Thank you to @UKFinclusion & @UoBCHASM for inviting us to be part of the launch of this new research on financial exclusion, and a discussion on the solutions.
'Achieving full financial inclusion in the UK'
New CHASM research highlights financial exclusion and offers solutions to ensure all have access to essential financial services. Commissioned by @UKFinclusion, supported by Mastercard.
@CoSS_Birmingham
https://t.co/GsklLamXIt
Our Chair, @pondfinclusion said:
“This research provides a baseline for a government-led National Financial Inclusion Strategy, which we hope is now imminent... The Government needs to close the financial inclusion gap as a priority to unlock inclusive growth”
This work highlights growing financial exclusion and offers solutions to bridge the gap, ensuring everyone has access to essential financial services.
Read more on our website: https://t.co/MtoWFYYYgr
Online Research Launch: Financial Inclusion Across the Four Nations 🔍
Tuesday 22nd October, 12-1pm 🗓️
Join us for the launch of @CHASM's new research, commissioned by the Financial Inclusion Commission and supported by @Mastercard.
https://t.co/vDUsQvVAvP
...alongside The Financial Inclusion Centre, @johnnytimpson1 as Chair of the Building Resilient Households Group, and Professor @SharonBCollard.
Read the letter in full here: https://t.co/5mMZKTEIFv
Today we've joined together with @MartinSLewis, Charles Randell CBE, and key organisations to ask @RachelReevesMP to reinforce that financial inclusion should be a priority for the @TheFCA.
Read the @FT's coverage of our letter here: https://t.co/o7ZlHuUri6
Personally and on behalf of my Financial Inclusion Commission @UKFinclusion colleagues, thank you @BritishInsurers and @BIBAbroker and your member firms for all that you are doing to support your customers. https://t.co/tdy5f82ecq
We would like to congratulate @UKLabour on winning the #GE24 and look forward to working with them to tackle the poverty premium.
Our vision is for a UK where people in poverty pay a fair price for essential services. We hope they can help us make that a reality.
Together with other campaigners and partners, FIC is ready to engage with the new Government and play our part in ensuring all UK citizens can contribute to growth and live financially fulfilled lives.
Find out more on our website: https://t.co/Ev6a3ZDxbr
We, the Financial Inclusion Commission (FIC), today welcome the new Government's commitment to a National Financial Inclusion Strategy.
This is a vital step toward tackling financial exclusion and improving resilience across the UK.
#FinancialInclusion#GeneralElection
💬 "Financial exclusion is a source of shame for a country that prides itself on being a global leader in financial services," says FIC Chair @pondfinclusion.
We need a strategy that ensures everyone has access to essential financial services for #InclusiveGrowth.
@MartinSLewis has long campaigned that financial inclusion be made a priority, describing it as the bedrock of employment, being a consumer and a citizen. You can read the article here 👇
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https://t.co/BysuHbVPTP
Many thanks to @MoneySavingExp for their support as we launch our new report with @UoBCHASM. The report urges the next UK Government to introduce a National Financial Inclusion Strategy.
We are calling for:
📊 Better access to essential financial services
💪 Building financial resilience
💳 Affordable, well-regulated credit
🛡️ Better support for those at risk of financial problems
🏦 Promotion of saving for retirement and social care
Kept Poor
👛 “More than 9 million adults were declined credit in the 12 months from April 2022
👛4% were turned away by at least 3 providers
👛 The Money & Pensions Service estimates that in 2023, 15% of the UK adult population needed debt advice
@KevinHiggins27@WeAreCarers