Financial Services

HM Treasury written question – answered on 8th February 2018.

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Photo of Jeff Smith Jeff Smith Opposition Whip (Commons)

To ask the Chancellor of the Exchequer pursuant to the Answer of 1 February 2018 to Question 125390, how the £55 million fund for financial inclusion and capability initiatives will be allocated.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The government recently announced that up to £330 million will be unlocked from dormant accounts, £55 million of which is set to be used for financial inclusion and capability initiatives. Further details on the allocation process for this £55 million will be released in the spring.

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