Written Question·Treasury·UIN 24061

Credit Unions

Tabled: 29 April 2024
Answered: 8 May 2024

Question

Justin Madders

LabourEllesmere Port and Bromborough

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the reduction in numbers of credit unions.

Answer

The Government is a strong supporter of credit unions, recognising the vital role they play in local communities throughout the country. Through the Financial Services and Markets Act 2023, the Government allowed credit unions in Great Britain to offer a ...

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