Financial Inclusion/Family Budgets

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 31st March 2014.

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Photo of Iain Duncan Smith Iain Duncan Smith The Secretary of State for Work and Pensions 2:30 pm, 31st March 2014

Through universal credit, the Department for Work and Pensions is investing £38 million in expanding credit union services to help more people to access affordable credit. A budgeting support package will be available to all those who need it through universal credit. At the same time, the Government are clamping down on loan sharks and doorstep lenders who have taken advantage of vulnerable people for too long.