
Don’t ban Frosties: teach children the life skills they need to make choices
What a very sensible idea from a group of more than 200 MPs in today’s FT: teach children about personal finance. The All-Party Parliamentary Group on Financial Education for Young People wants financial education to become a compulsory part of the curriculum, with banks visiting classrooms. The idea that Natwest and Barclays could send their representatives into classrooms is obviously not enormously palatable to everyone, with critics arguing that this is just another route for big business to indoctrinate innocent minds. But consider this: research from the Centre for Economics and Business Research found a lack of financial education costs the taxpayer £3.4 billion a year in debt, mis-sold financial
