Campaign groups calling on PM to ensure recent promise to improve maths lessons in schools also covers personal financeBy Toby Walne, Financial Mail Sunday Posted: 4:50 PM EST, January 7, 2023 | Updated: 4:50 p.m. EST, January 7, 2023
Campaign groups are calling on the Prime Minister to ensure a recent promise to improve maths lessons in schools also encompasses personal finance. . Guy Rigden, chief executive of financial education charity MyBnk, says that in addition to subjects such as algebra and statistics, students need to learn the practical skills to manage their money with confidence. Promise: Rishi Sunak promised that he would ensure that all students study mathematics until they are 18 years old. “It can indeed involve math, but also information about financial products and services, as well as a focus on forming positive financial habits,” he says. Personal finance courses are currently not compulsory in primary schools and often they are only briefly covered in secondary education as part of personal, social, health and economic (PSHE) courses. The Center for Financial Capability charity wants math lessons to include practical support to help students better manage their finances once they leave school.Carol Knight, charity trustee and principal general of the campaign group Investing and Savings Alliance, says: The Minister’s announcement does not solve the problem of helping people be more financially resilient later in life. It is essential to include financial literacy in math lessons. Catherine Winter, chief executive of the charity London Institute of Banking and Finance, adds: “Financial education should ensure that pupils are better equipped to make the right decisions after school about how to manage their budget. We found that four out of five young people are anxious about money and need help in school.
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