By the end of this week, we shall know precisely who will be receiving the keys to Number 10.
I sincerely hope that whoever gets power, will financially take financial inclusion seriously. They would do well to read about the fantastic work of The Financial Inclusion Commission.
Unfortunately, the mainstream media are single-handedly avoiding the topic of financial inclusion and neglecting to address it in the election narrative, which is why I am thrilled that The Voice Newspaper, recognises the importance of the issue and is supporting our campaign to raise awareness and champion the cause. Today they have published a page feature about my manifesto – which you can read HERE. Please circulate far and wide – together we can all make a difference.
It might be worth taking a step back to think WHY the issue has not been discussed more readily.
There are 4-reasons why financial inclusion is not a 'hot' electioneering topic.
Firstly, Politicians might think that financial inclusion is already being adequately addressed through existing policies and programs, or that it is an issue being handled by financial institutions and regulatory bodies rather than needing direct political intervention – unfortunately, this is not the reality for people of colour. For the last 14 years sadly, the issue has been side-lined.
Secondly, the various parties' political agendas are often driven by the most pressing concerns of their constituents. Issues like the economy, NHS, immigration, national security, and social justice tend to dominate political discourse because they directly affect a large portion of the population and are easier to rally support around. Their track record on 'financial inclusion' is second-to-none and they are probably embarrassed to even bring it up.
Thirdly, don't underestimate the influence of banks and other financial institutions. They can exert significant influence on political agendas and their interests might not always align with aggressive pushes for financial inclusion, especially if it involves regulatory changes that could affect their business models.
Lastly, the cost-of-living crisis and the economic turmoil we have experienced in the last 12 months can shift the focus of the political agenda. During times of economic downturn, political discussions often centre around relief and recovery measures rather than long-term initiatives like financial inclusion.
I fully intend to lobby the New Government and do what I can to make sure in the next parliament financial inclusion is taken more seriously and by the time of the next election, it will become one of the critical issues on the agenda – rather than it being simply ignored.
Thank The Voice Newspaper for joining me on the mission.
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