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Finance in schools

The ifs School of Finance, the only specialist provider of Ofqual accredited GCSE, AS and A level equivalent qualifications in personal finance and financial studies, welcomes the news that the issue of financial education in schools is likely to be debated in parliament.  This follows the news that more than 100,000 members of the public have signed the Downing Street e-petition, the number required to trigger consideration for a parliamentary debate.
 
Rod McKee, Vice Principal at the financial education charity, said the debate was "long overdue but very welcome”.
 
"For several years policymakers and commentators have been ignoring the evidence that shows including financial education in PSHE or maths, or devoting only one off lessons to the subject does not work.

"We provide financial capability education resources to well over 400 schools and colleges and the overwhelming evidence confirms that only standalone, age appropriate education programmes that have sufficient time devoted to them can change future generations’ financial behaviour.”  

Over 100,000 teenagers have taken an ifs financial capability qualification since they were made available to all schools and colleges in September 2006 and a further 30,000 teenagers are expected to take these qualifications during the current academic year.