Opinion: Lord McNicol on the importance of financial inclusion

Lord McNicol of West Kilbride writes exclusively for NewStart on the importance of financial inclusion amid the cost of living crisis.

It may be rare for a Labour politician to agree with a Conservative Minister’s words. But I agreed with John Glen, Economic Secretary to the Treasury, when he described the importance of financial inclusion and access to affordable credit at last week’s Financial Inclusion Commission Summit. Glen’s words are little without action though, and he must heed calls for the independent regulator, the Financial Conduct Authority (FCA), to boost financial inclusion now. 

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