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Treasury: Credit Unions

Treasury written question – answered at on 17 February 2026.

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Photo of Gareth Thomas Gareth Thomas Labour/Co-operative, Harrow West

To ask the Chancellor of the exchequer, whether they will require their department and agencies to offer payroll deductions to all employees to enable them to join a credit union.

Photo of Lucy Rigby Lucy Rigby The Economic Secretary to the Treasury

There are currently no plans to introduce a requirement for HM Treasury and its agencies to offer payroll deductions to enable staff to join a credit union.

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  • (Citation: HC Deb, 17 February 2026, cW)

Chancellor of the Exchequer

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.