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Over 200 MPs back financial education

The number of MPs in the all party Parliamentary group calling for compulsory financial education in schools has risen to 216 since it launched in January and is backed by 60 organisations.

The group’s chair Conservative MP Justin Tomlinson says: “This group is about equipp- ing young people to make informed, savvy decisions.”

Next week, the group will launch an inquiry into the provision of financial education which will hear evidence from schools and school children.

Tomlinson says: “The MPs will study the evidence and present our findings to the education minister. The size of the group increases the likelihood of decision-makers taking notice.”

The independent national curriculum review is looking at what subjects will be included in the curriculum and will report later this year.



Nine arrested in SFO Kaupthing investigation

Nine men have been arrested in London and Reykjavik this morning in relation to the Serious Fraud Office’s ongoing investigation surrounding the collapse of the Kaupthing banking Group. The FT is reporting that high profile entrepreneurs Vincent and Robert Tchenguiz are among those who have been arrested as part of an investigation into the failed […]

Clydesdale and Yorks reject watchdog’s verdict over loan blunders

Consumer Focus has called on the FSA to take enforcement action against Clydesdale and Yorkshire Banks unless they stop pursuing customers for shortfalls relating to miscalculated mortgage repayments. Last July, Clydesdale and Yorkshire Banks, both part of National Australia Bank, apologised to 18,000 of their variable and tracker mortgage customers for failing to correctly calculate […]


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