PM's call for financial education welcomed
Tue 8 Jan 2008 11am
Gordon Brown's statement that UK children should be provided with a higher level of education on money matters has been supported by a leading financial group.
In a recent interview with the Observer, the prime minister said that he would like to see the "financial literacy" of British youngsters improved and hinted at plans for schools to offer "more education in financial management and in financial budgeting generally".
Welcoming these sentiments, the ifs School of Finance said that giving financial education a more prominent position in the national curriculum could create more responsible consumers and prevent widespread
debt problems.
Director of external affairs at the school Anne Kiem stated: "We would like to work with government to achieve our mutual aim of ensuring future generations have the capability to make informed financial decisions."
Claiming that lessons in financial planning should be placed on an "equal footing" with established subjects such as geography and history in UK schools, she added: "We welcome the prime minister's comments as another step towards this goal."
The ifs School of Finance provides financial qualifications which are the equivalent of GCSE and A level grades, as well as adult education services.
