The ifs School of Finance has welcomed the Prime Minister’s recent call for schools and colleges to do more to educate their pupils about personal finance.
When asked if there should be financial education in schools, Gordon Brown replied,
“Yes absolutely. And I would favour more education in financial management and in financial budgeting generally at school. I'd like to see financial literacy…extended particularly through schools and colleges and their education programme.”
Anne Kiem, Director of External Affairs at the ifs School of Finance, said:
“We welcome Gordon Brown’s comments and hope this signals a change in Government policy which currently does not include any statutory provision of financial education or provide for any examinable financial education in schools.
We would like to work with Government to achieve our mutual aim of ensuring future generations have the capability to make informed financial decisions. The ifs School of Finance has long argued that financial education shouldbe added to the core school curriculum, putting personal finance on an equal footing with other subjects such as Geography, History and Modern Foreign languages ie compulsory for schools to offer it but not compulsory for all students to take it. We welcome the Prime Minister’s comments as another step towards this goal.”
The ifs School of Finance is the only provider of GCSE, AS and A level equivalent qualifications. The Foundation and Intermediate Certificates in Personal Finance (GSCE level), Certificate in Financial Studies (AS level) and Diploma in Financial Studies (A level) are currently being studied by over 10,000 14-19 year olds in the UK.
For more information please visit: www.financialcapability.co.uk
For further information please contact:
