Lessons in lolly
Do you ever tell your pupils that debt is a bad thing?’ I challenged the headmaster of a thriving Midlands prep school. His answer was more nuanced than I was expecting — but since independent school heads are also educational entrepreneurs these days, perhaps I shouldn’t have been surprised. ‘I’d be anxious about too much moralising in this area. Actually a lot of our pupils’ parents are business owners, for whom debt can be a good thing when it allows their businesses to grow. But we do try to teach the older ones that debt always has to be managed, and to ensure that our 13-year-olds leave here with some
