ABCUL Comments on Ministerial Resignations

Tuesday 23 January 2024

Following the resignations from the Prime Minister and multiple Ministers across UK Government this week, including the Economic Secretary to the Treasury, John Glen MP, ABCUL CEO, Robert Kelly comments on the position this leaves the credit union sector and how the Association will respond to support its legislative agenda.

“At May’s ABCUL Annual Conference, the Minister announced that the Government will bring forward legislative reform that will enable credit unions to expand the range of affordable products and services that they offer to members across the country.

“John Glen MP has reiterated earlier today in his resignation that financial services reforms are ready to be presented to parliament and we are confident credit union content will form part of that wide agenda. ABCUL will continue to liaise with HM Treasury in a pro-active basis to monitor progress on the days and weeks ahead. ABCUL would like to sincerely thank John Glen MP for his dedication to the credit union sector during his tenure as EST and his constant willingness to engage. Everyone at the Association wishes him well in his future endeavors.

“This is a difficult time for communities across the country as we face a generational cost of living crisis on the back of the huge pressures of the COVID 19 pandemic. Credit unions will continue to serve communities and employers in these testing times through the provision of ethical and responsible products and services – our mantra of people helping people will continue to be the bedrock of everything we do.”