Teaching kids about money will offer the ultimate return on investment Opinion Even a small reduction in financial illiteracy, could boost a nation’s household income by billions each year, says Marianna Hunt Go into a primary school today and ask how many of them trust major financial institutions like banks and you’ll generally find that less than half do so. Sometimes it’s as low as one-third of [...]
Londoners most at risk of online fraud, report reveals Investing Londoners are at significant risk of digital and financial exclusion after new data revealed one in four people in the UK capital lack confidence in money management. According to research from WPI Economics and Virgin Money, Londoners are twice as likely to experience both digital and financial exclusion than those living in the South East. [...]
The UK is a financial world leader, so why are our numeracy levels so poor? Opinion Poor numeracy skills have real financial consequences. If the City is to remain a financial powerhouse, we must address the nation’s deteriorating maths, writes Andy Haldane on National Numeracy Day Financial services is a numbers game. Success in finance requires mastery of a wide range of skills, professional and interpersonal. But without a command of [...]
Reeves urged to drive financial literacy in Spring Statement March 25, 2025 In what will be a busy week for the Chancellor, Rachel Reeves has been urged to not forget the importance of improving financial literacy in her Spring Statement. Jordan Sinclair, the president of financial services firm Robinhood UK, told City AM the UK has “the ingredients in order to improve” but now was the time [...]
Government told to improve education for young entrepreneurs March 5, 2025 A new report has exposed the education system’s failure to boost business knowledge among aspiring entrepreneurs. The Federation of Small Businesses (FSB) and Simply Business have called on the Government to incorporate business education into the national curriculum, in a bid to unlock “a gold mine of enterprise potential”. The study revealed just a third [...]
Lloyds partners with ‘Duolingo of money’ to target Gen Z February 10, 2025 Lloyds Bank has partnered with fintech platform Doshi to improve young people’s financial literacy through “gamified learning”. The Big Four bank is launching a six month pilot, targeting 18 to 24 year-olds to make financial education “fun and accessible”. Doshi’s founder Daniel Rose told City AM high street banks do not have “much time left” [...]
A school reform that could actually help the economy? Teaching financial literacy January 31, 2025 It's not just students who would benefit from school reforms to teach financial literacy, but the UK economy, writes Quentin Nason.