B7: Poverty and Financial Exclusion
Millions of people in Britain are victims of financial exclusion, and are consistently refused credit by mainstream lenders. Despite the numerous initiatives aimed at eradicating the problem, the extent to which financial exclusion contributes to poverty in Britain is one of the core factors affecting social exclusion today.
The Government has expressed a commitment to tackling the problems of poverty and financial exclusion. The 2002 Budget report stated that ‘the Government is committed to building a fairer and more inclusive society in which everyone can contribute to, and benefit from, rising national prosperity.’ The debate surrounding these issues has been ever-present in the media in recent months and this CLES Bulletin looks at some of that press coverage.