MPs urge teaching finance in schools
Monday 12 December 2011
Every child should be taught personal finance as a compulsory part of the school curriculum, an eight-month study has concluded.
MPs from the all-party parliamentary group on financial education for young people called on ministers to ensure school leavers are better equipped to avoid running into money problems. In its report today, the group says financial numeracy should be taught during maths lessons.
It also recommended the appointment of a co-ordinator within each school responsible for bringing personal finance education together. A survey carried out by the group found that personal finance teaching is currently ad hoc, with only 45 per cent of teachers saying they had taught it.
The report comes ahead of a Commons debate about the issue on Thursday, secured after more than 100,000 people signed a petition by the personal finance expert Martin Lewis calling for financial education to be made compulsory.
The Tory MP Andrew Percy, who chaired the inquiry, said: "Credit cards, mortgages, hire-purchase agreements, mobile-phone contracts, tuition fees and even supermarket offers all require us to apply maths skills, such as being able to calculate APR, compound interest and percentages, to real-life situations. But too many of our school leavers, who can perform complex mathematical equations, have no idea what basic financial terms like APR mean – leaving them without the necessary level of financial literacy to make decisions in an increasingly complex world." PA
Top Gear presenter is no stranger to foot-in-mouth controversy
Review: Mike Leigh biopic is a rambling, rich character study
Want to ward off (or welcome) trick-or-treaters? Here's how
'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
Halloween 2014: From the Screaming Man of Pluckley to the 'White Lady' of the Tower of London - Britain's 20 most haunted places
Russian politician says Apple CEO Tim Cook should be 'banned' from country after coming out as gay
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
- 1 'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 4 If you think Russell Brand’s new book is confused, you should read what his critics have to say about it
- 5 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
£100 - £145 per day: Randstad Education Nottingham: Teaching job available wor...
£100 - £110 per day: Randstad Education Ilford: Nursery Manager Long term Ran...
£45 - £65 per day: Randstad Education Bristol: Supply SEN Support Jobs in Bris...
£45 - £60 per day: Randstad Education Bristol: Supply SEN Support Jobs in Glou...