Cuts Watch #381: U-turn on Financial Inclusion Fund
The government has found £27 million to guarantee a year’s reprieve for 500 debt advisers supported by the Financial Inclusion Fund. The advisers, based in Citizens’ Advice Bureaux around the country, help 100,000 people a year as part of a programme established by the last government to target financial exclusion. In January, Mark Hoban MP, Financial Secretary to the Treasury announced that the Fund would close at the end of March and the advisers stopped taking on new cases. Yesterday Vince Cable announced that the Department for Business, Innovation and Skills had found £27 million to fund the programme for another year.