Financial education to get debate

AN ONLINE petition to make financial education compulsory in schools could be one of the first to trigger a debate in parliament, after it attracted more than 100,000 signatories.

The petition, “Make financial education a compulsory part of the school curriculum”, is due to run until February but yesterday passed the 100,000 threshold needed to trigger a debate in the House of Commons.

The subject will now be sent to the backbench business committee, which will ask the House for debating time, providing the issue is not already scheduled in parliament.

City A.M. has been campaigning for better financial education since January and has won support from education secretary Michael Gove and numerous business and charities.

Martin Lewis, founder of Money Saving Expert, wrote in the petition text that school lessons would be the most cost-effective way to make UK children financially literate.