UK Parliament’s Treasury Committee has launched an inquiry into the Government’s Financial Inclusion Strategy to assess whether the Government understands the scale of financial exclusion and what steps are needed to make a meaningful difference to people’s lives. The inquiry will review the effectiveness of current measures, including banking hubs, and consider whether further interventions may be needed to improve financial inclusion. It follows the Committee’s earlier report on cash acceptance, which concluded that insufficient Government action on declining cash acceptance could lead to a two-tier society with the most vulnerable bearing the cost; Chair Dame Meg Hillier indicated the Committee will look for a strategic vision backed by integrated plans and clear methods for measuring impact. Stakeholders are invited to submit evidence to the inquiry.
UK Parliament 2025-11-28
UK Parliament’s Treasury Committee launches inquiry into the Government’s Financial Inclusion Strategy
The UK Parliament’s Treasury Committee has launched an inquiry into the Government’s Financial Inclusion Strategy to evaluate its response to financial exclusion. It will assess measures like banking hubs and explore further interventions, amid concerns about declining cash acceptance creating a two-tier society. Chair Dame Meg Hillier emphasized the need for a strategic vision with integrated plans and impact measurement.