What’s the Connection Between Financial Exclusion and Mental Health?

The House of Lords Committee on Financial Exclusion will next week take evidence from Martin Lewis OBE, founder of MoneySavingExpert.com and the Money and Mental Health Policy Institute, as well as witnesses from the British Banking Association and the Association of British Credit Unions Limited. 

The evidence sessions will start at 10:40am on Tuesday 8 November in Committee Room 3 of the House of Lords.

Giving evidence will be:

10:40am

•    Martin Lewis OBE, Founder and Chair of MoneySavingExpert.com
•    Polly Mackenzie, Chief Executive, Money and Mental Health Policy Institute

11:40am

•    Mark Lyonette, Chief Executive, Association of British Credit Unions Limited
•    Eric Leenders, Managing Director, Retail and Commercial Banking, BBA
•    Faisel Rahman OBE, Chief Executive, Fair Finance

In the first session the Committee will question Mr Lewis and Ms Mackenzie on the relationship between mental health and financial exclusion. Questions are likely to address the obstacles that people with poor mental health face when accessing financial services and the steps that banks should take to address such problems. The effects of precarious employment, and Government leadership on addressing the wider issue of financial exclusion as a whole, will also be considered.

The second session will look at what the successor to the Money Advice Service should prioritise in responding to financial exclusion, whether credit unions in the UK can increase their market share to European and US levels and whether the introduction of basic bank accounts has been successful in helping to reduce financial exclusion.

Author: Dylan Jones

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