The British-Irish Council was established under the terms of the Good Friday Agreement to promote positive, practical relationships among its members. The members are the British and Irish Governments, the devolved administrations of Northern Ireland, Scotland and Wales, and Jersey, Guernsey and the Isle of Man. The BIC provides a forum for members drawn from the eight administrations involved to consult and exchange information on a range of issues of mutual interest.
At the meeting of the council in November 2002, it was decided that the initial work of the group should be on the specific theme of financial inclusion. My predecessor as Minister for Social and Family Affairs, Deputy Mary Coughlan, attended the ministerial meeting of the social inclusion strand on 16 and 17 July in Cardiff at which this work was received and concluded. Ministers discussed the report, which is aimed at enabling individuals and communities affected by poverty and deprivation to have greater access to appropriate financial products and services.
It was noted that financial inclusion strategies can make a major contribution to improving individual and household income, employability, health and well being. At a community level, financial inclusion programmes can support ownership of assets and the capacity of communities to foster wealth creation and enable local businesses to grow. Ministers recognised that the problems of social and financial exclusion affect all communities. The meeting heard progress reports on the range of strategies on which members are working to tackle these problems. Ireland's experience in developing the Money Advice and Budgeting Service was considered to be particularly valuable.
Ministers reaffirmed the important role that financial inclusion can play in social inclusion and anti-poverty strategies more generally. BIC member administrations will continue to exchange information and ideas and learn from each other's experience. The report of this work will be published shortly on the BIC website.
Ministers agreed that the next topic for work within the council's social inclusion theme would be disability with a specific focus on access to employment, education and training.