Harriett Baldwin asks the Treasury Minister about progress on access to personalised financial guidance for the 93% of people who cannot afford regulated financial advice.

Harriett Baldwin (West Worcestershire) (Con)

Will the Economic Secretary update the House on the progress he is making to enable our constituents to access personalised financial guidance if they are among the 93% of our constituents who cannot afford regulated financial advice?

The Economic Secretary to the Treasury (Andrew Griffith)

My hon. Friend, the Chair of the Treasury Committee, makes a really important point about what is called the advice gap. Treasury officials, the FCA and I are consulting on that, and I will publish an update this autumn.

Hansard