MSE News: Financial education to be compulsory in schools

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"Financial education will form a part of the compulsory national curriculum in England from September 2014..."
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Financial education to be compulsory in schools

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Financial education to be compulsory in schools

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I hope it involves basic knowledge in the tax system, it amazes me that so many people have so little knowledge of this....
and we will never, ever return.
Good news. Wonder if there will there be exams on it too?
So those who can never pass the exams will be executed or deported? Re-introduce slavery so they belong to a master who will take care of them since they cannot be trusted with their own bank accounts?
One interesting paragraph:
Well one way might be by including probability, and by a massive focus on the teaching of the effect of multiplication of powers as in plotting compound interest scenarios like Student Loans e.g. the use of spreadsheets to calculate sundry "What If" outcomes.
And I agree with McKneff, it might help if schoolchildren understood the tax system and the difference between an outstanding debt with their name on it and a randomly variable tax on their future expectations of wealth. That is only if they dare think about getting higher education of course, thereby becoming knowledgeable enough to really understand their plight into the unknown! Or are we only saying that higher education is for those who can stand the sight of suffering and seeing it right through to the end of the line ... why am I thinking 'abattoir'? The chop comes much sooner than most expect in such places ... do excuse my cynicism this once please ...
But anyway, well done to everyone who has worked so hard to get this onto the curriculum.
Set up a Casino, and get them to lose £50 of their own pocket money.