Monday, July 9, 2007

Education.. education.. whoops bing bang crash.. too late.

Balls to press for financial education

Changes to the national curriculum that will encourage schools to teach children about tax, interest rates and personal budgeting will be unveiled later this week by the government, but will fall short of City demands that financial education be made compulsory. Ed Balls, the new secretary for children, families and schools, will call for 11- to 16-year-olds to be taught “economic wellbeing and financial capability”, but only if schools chose to include in it classes.

Posted by dohousescrashinthewoods @ 10:22 AM (442 views)
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8 thoughts on “Education.. education.. whoops bing bang crash.. too late.

  • fahrenheit451 says:

    This really makes me laugh.

    Nanny State has interveined again. Lets tell the children how to behave properly, when their own parents will forever be setting the bad examples. Do they actually expect this to work or are they about to give GCSE’s in “If you don’t pay your comic book account at the local newsagent, the bayliffs will take your playstation away”. This is just another example of wasting taxpayers money. It is the Parent’s responsibility to educate their children in good manners, polite behaviour and how to spend / save your pocket money. Or is Nanny State going to issue “Half a Crown” a month (and we thought that was a lot, especially when a sherbert was only half a penny), to every child every week/month to demonstrate sound fiscal policy.

    Any suggestions like this are doomed to failure, while the Parents do not set proper examples of good behaviour.

    See also:
    From Times Online: Children to get lessons in money – and debt

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  • dohousescrashinthewoods says:

    Perhaps the national curriculum could include lessons on how to wipe your butt.
    I thought kids went to school to learn, not for remedial classes on life.

    Which beggars the question I think you are implying F451, which is how did we so fail to socialise the generation who are now parenting, that we have a crop of youngsters barely fit for the zoo, let alone for forming a decent society.

    You should hear the cursing, yelling and braying that goes on around our street – and that is just the parents, supposedly in a decent, Daily-Mail-heartland Surrey suburb. The only family on the street I have met with manners and dignity is the Indian lady next door. Put that in your pipe and smoke it, BNP.

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  • uncle chris says:

    Hmmmm – sounds like good old home economics to me. Maybe children will be able to add up again and know how to boil and egg. Incidentally, the vast majority of children around me (albeit in the countryside) appear to be well brought up and adjusted individuals, so it’s not all doom and gloom. That said, most of them probably don’t go to state schools.

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  • This is what you get when morallity and moral responsiblity is crushed in favour of rampant materialism and individualism, what a mess and now we have Islamic fundamentalism waiting in the wings to fill the moral vacuum. This country makes Sodum and Gomorah look like a vicars teaparty, If I had children I would seriously advise them to think about emigrating before their thrown in to the debtors prisons that will soon be springing up everywhere. As Bob Dylan said “A hard rain’s a-gonna fall”.

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  • I think it would be a good idea to teach kids a bit of basic financial sense but who will they take their lessons from?
    Hopefully not a government which has presided over record growth in personal debt for the last 10 years?

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  • Better not teach them too much or they will realise that Gordon has built and economic mirage and won’t vote for him.

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  • Ihopeitgoeswithabang says:

    Yes well … maybe Gordon Brown would like to personally take charge of this initiative and it will help them understand that:

    They will leave university with up to £20,000 of debt and never be able to afford a house in their entire lifetime.
    Is that what he they mean by “economic wellbeing and financial capability”.

    I would suggest that they educate themselves before they start telling everyone else what to do.

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  • Can’t see how trying to educate kids not to grow up into “sheeple” can be a bad thing – the teachers should use examples of “spun” statistics in the media and show how to see through them. But then why aren’t they already learning about interest rates, etc, anyway – that used to be called mathematics in my day, and I thought it was part of the national curriculum?????

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