In my role in the Shadow Treasury team, I have seen the devastating impacts financial crimes can have on ordinary people’s livelihoods. It was great to drop into Santander’s latest Scam Avoidance School at their Hyde branch. The brief session helps people protect themselves against financial crimes online and over the phone so that they have the confidence to use online banking securely. They run workshops throughout the year and you can find it more by visiting our local branch.
Nationally, it was an honour to address the Innovate Finance Global Summit to promote financial education. Their FinTech for Schools programme will educate young people about managing their money healthily in future. It will also encourage a diverse mix of students into the sector, to ensure financial services are more representative and responsibly run in future.
It was also a pleasure to accompany Shadow Chancellor John McDonnell MP to the launch of a new report into Universal Basic Income, a radical policy suggestion I have written about and looked into for several years. Led by Guy Standing, the new report is a helpful contribution to a challenging policy area, which prompts many questions about ways in which a bold and brave government might potentially shake up the welfare state empowering and protecting people whilst reducing bureaucracy. You can read it here. There’s plenty more work to be done before heading down a road such as this but its healthy to give serious thought to radical options.