 Financial Exclusion in the UKSantiago Carbo Valverde, Edward P. M. Gardener and Philip Molyneux () Chapter Chapter 3 in Financial Exclusion, 2005, pp 14-44 from Palgrave Macmillan Abstract: Abstract This chapter examines in greater detail modern UK experiences with financial exclusion. The UK has one of the most successful financial services industries in the world. A great deal of this is centred around the City of London, which inter alia houses more foreign banks than any other centre; has the largest foreign exchange market in the world; and is the largest market for over-the-counter derivatives. In this highly developed and innovative market environment, however, financial exclusion has become an increasing problem and a major policy issue for government and the private sector. Although there has generally been a steady increase in the use of most kinds of financial services in the UK during recent years, a minority of people have apparently become excluded (and in some cases more excluded) from financial services. The present chapter covers the following areas: the notion of excluded groups; barriers and consequences of financial exclusion; and initiatives that have been developed to tackle financial exclusion. Keywords: Social Exclusion; Service Industry; Bank Account; Housing Association; Bank Branch (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-50874-3_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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