Treasury written question – answered am ar 26 Mawrth 2024.
Vicky Foxcroft
Shadow Minister (Work and Pensions)
To ask the Chancellor of the exchequer, what steps his Department is taking to increase the financial inclusion of people with a learning disability.
Bim Afolami
The Economic Secretary to the Treasury
The Government aims to ensure that all people have access to useful and affordable financial products and services. To promote financial inclusion, the Government works closely with the regulators and stakeholders from the public, private and third sectors.
The FCA’s vulnerability guidance requires firms to identify vulnerable customers, which can include those with a learning disability, and to consider the needs of these customers appropriately.
The Consumer Duty builds on this work by raising the standard expected from firms for all customers with a focus on delivering good outcomes and preventing harm.
Yes3 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
