Financial education should be a standalone subject

Speaking at the Conservative Party Debt Summit, Shadow Chancellor George Osborne says the government should be doing much more to promote financial literacy teaching in schools. He states: “The government has recently pledged to introduce financial literacy to the GCSE maths curriculum. After nine years, this is at least a step in the right direction. But as the ifs School of Finance has pointed out, that could equate to less than four hours a year over two years – far too little to make a real impact on behaviour.” Osborne says he wants financial literacy to be taught to all 11-18 year...