UK near bottom of EU financial exclusion table

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A new EU report has found 6% of Britons lack adequate financial services, placing the UK in 10th place out of the top 15 developed European States.

In the European Commission’s financial services provision and prevention of financial inclusion report – only Ireland, Spain, Portugal, Italy and Greece have a higher percentage of the public financially excluded in the EU 15. The EC says financial exclusion, difficulty accessing and using financial services and products, hinders a person’s ability to “lead a normal social life in the society in which they belong”. While the Eurobarometer data paints a poor picture for the UK, the number of people with no revolving credit is 30% (ranked fifth) and those with no savings total 22% (ranked s...

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