Black Friday: Financial Products — [Mr Laurence Robertson in the Chair]

Part of the debate – in Westminster Hall at 2:31 pm on 23rd November 2021.

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Photo of Catherine West Catherine West Shadow Minister (Foreign and Commonwealth Affairs) 2:31 pm, 23rd November 2021

My hon. Friend is making an excellent argument. Does she agree that the quality of financial education in the UK is not what it should be? The 60% to 70% increase in debt from these sort of products would primarily affect a younger age group to begin with, because of their propensity to use the internet. Does she agree that much more needs to be done on financial education, hopefully led by the Treasury and spread across the appropriate level of education online?