Emma RadmoreHM Treasury has launched its new Financial Inclusion Strategy, which includes Lloyds, NatWest, Barclays, Nationwide and Santander expanding on the partnership Shelter has with HSBC, so that homeless people will be able to open bank accounts, which should help them to get work. It says the planned “digital pass” which will give people a “free and easy way” to prove who they are is also part of the project, which also includes a plan to work with credit agencies to help domestic abuse victims repair credit records that have been damaged because of economic controls, and to support employers in offering payroll savings schemes.
Other parts of the plan include a plan to roll out 350 new banking hubs by the end of the current Parliament (200 will be open in all by the end of this year), and improve financial education from primary school level.