Phil Hall Articles

Earlier this year, Gordon Brown was asked by the Observer if there
should be financial education in schools. He responded, ‘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…’

So, what’s the government’s approach been to date?
There is still no statutory requirement for schools to teach financial
education and similarly no requirement for the evaluation or testing of
students’ understanding in this area. Instead, small amounts of
‘financial education’ – much of which has nothing to do with personal
financial management – are being sprinkled into a number of different
subjects such as personal and social education, citizenship and
enterprise education.