Financial Inclusion: Credit, Savings, Advice and Insurance
HC 848-I, Twelfth Report of Session 2005-06, Volume I, Report, Together with Formal Minutes
- House of Commons Treasury Committee
- TSO (The Stationery Office)
Most people take access to financial services for granted, but financial exclusion blights the lives of a significant minority people in the UK who have difficulty in opening bank accounts or who struggle to obtain affordable credit or to gain access to financial advice. This situation increases the costs they bear for basic services and makes them vulnerable to illegal or high-costing lending, it can limit opportunities for employment and it reinforces social exclusion.
This report, 'Financial Inclusion: Credit, Savings, Advice and Insurance (HC 848-I)', is the first of three reports in which the Committee examines the need for an effective and coherent strategy to promote financial inclusion and so help make a substantial contribution to the fight against poverty. It focuses on three key areas for priority action, relating to access to affordable credit, affordable savings and access to sound financial advice. Two subsequent reports will examine banking services, and financial capability and the roles of Government and public bodies in the overall strategy.
The accompanying oral and written evidence, 'Financial Inclusion: Credit, Savings, Advice and Insurance (HC 848-II), Volume II, Oral and Written Evidence', is available separately below.
|Format||Paperback||Published||16 Nov 2006|
|Availability||Colour copy: 3 - 5 days||Delivery||Delivery options and charges|