The Financial Inclusion Committee, a cross-sector body tasked with enhancing access to financial products and services across the UK, has updated its terms of reference and membership. This reorganisation follows the publication of the comprehensive Financial Inclusion Strategy in November 2025, shifting the Committee's focus towards the active delivery and implementation of its recommendations.
Chaired by Rachel Blake MP, the Economic Secretary to the Treasury, the Committee's core mission remains to dismantle barriers preventing individuals and households from accessing appropriate and affordable financial products and services. Its diverse membership draws from government departments, various industry bodies, and the third sector, aiming to foster a collaborative approach to tackling financial exclusion.
The recent changes, detailed in a summary note from the Committee's fifth meeting on 23 June 2026, reflect an evolving role post-strategy launch. New organisations have joined the Committee, broadening its expertise and reach as it moves from strategy development to practical execution. This update ensures that the Committee's structure is optimally aligned with its current mandate of overseeing and driving the strategy's objectives.
The Committee has met regularly, with summary notes of its proceedings made public. Previous meetings include the fourth on 3 November 2025, the third on 24 June 2025, and the second on 20 March 2025. Prior to Rachel Blake MP's current tenure, Emma Reynolds MP served as Chair, and Lucy Rigby KC MP was also listed among its members. The appointment of Sub-Committee Chairs by the Economic Secretary to the Treasury further underlines the detailed approach being taken to address specific aspects of financial inclusion.
The Financial Inclusion Strategy, which the Committee supported in its development, is a key government initiative aimed at improving the financial well-being of millions across the country. By bringing together diverse stakeholders, the Committee seeks to ensure that policies and programmes are robust, effective, and responsive to the real-world challenges faced by those experiencing financial exclusion.