Government to tackle debt crisis - papers 17 August

A report published jointly by the departments for Trade and Industry, Work and Pensions, and Constitutional Affairs, suggest a commitment to introduce basic personal finance onto the maths curriculum in England by 2008, and £51m to fund 500 free financial advisers as part of a beefing up of the National Debtline and the Consumer Credit Counselling Service. More workers are to get financial advice through the workplace, and a “money box” is to be created for parents with information on maternity rights and child benefits. The paper adds FSA figures suggest 3m people struggle with debt ...