Financial Inclusion Fund

Treasury written question – answered on 19th January 2011.

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Photo of Harriett Baldwin Harriett Baldwin Conservative, West Worcestershire

To ask the Chancellor of the Exchequer when he plans to make an announcement on the future of the Financial Inclusion Fund.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The Financial Inclusion Fund will close at the end of March this year. The Government will work closely with industry and other stakeholders to ensure that tackling financial exclusion remains a high priority.

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David Love
Posted on 20 Jan 2011 8:46 pm (Report this annotation)

This means that 486 trained and experienced debt advisers, the majority within the CAB service, will lose their jobs. An additional 400+ support staff will also be lost. The FIF-funded workers have been assisting in excess of 100000 clients per year, who will now struggle to find impartial, fee-free money advice. A sad day.

Patrick Torsney
Posted on 22 Jan 2011 12:07 pm (Report this annotation)

A sad day indeed. I fail to see how the response "to ensure that tackling financial exclusion remains a high priority" is in any way realistic now that the Government has decided to stop funding the one progressive national solution towards dealing with our society's financial exclusion that was actually working and getting real results