EDUCATION MATTERS: Arguments Add Up for Money Management
In October, The Birmingham Post joined forces with business leaders to demand Ministers make money management a compulsory part of the National Curriculum.
The call was sparked by growing concern amid moves by the Government to get more people to university while at the same time tripling annual tuition fees from next year.
This, coupled with rising house prices and the fact that personal debt is at record levels - pounds 1 trillion at the last count - means today's youngsters face an increasingly harsh economic future.
Our Moneywise campaign was backed by a competition together with Barclays Bank offering a pounds 10,000 prize to the school that came up with the best idea for a board game testing finance skills.
CBI director-general Digby Jones said at the time: "I applaud The Birmingham Post for doing this. It is an immensely important issue.
"Being financially literate is one of the most important things. It is never too young to teach our children to take responsibility for the management of their money."
The Prime Minister, however, appeared to disagree with that viewpoint.
Asked whether he believed financial capability should be made mandatory during a visit to Birmingham, Mr Blair answered: "I don't think we should put further obligations on schools."
Mr Blair was speaking at Bournville School and Sixth Form Centre, a specialist school in enterprise and business, days before announcing reform proposals to transform education But his view contradicted that of the school's head, Ruth Harker.
She claimed it was vital that youngsters learned how to manage their finances - something they are all taught at Bournville School. …