Education can provide "armour" against financial mismanagement and misleading advertising, MPs said yesterday.
In a backbench debate on financial education for the young, MPs said education holds the key to preventing a generation of children slipping into financial mismanagement amid soaring levels of individual insolvency. The debate, led by Conservative MP Andrew Percy, was triggered by a motion calling for financial education to be included in the national curriculum to help address the problem of irresponsible borrowing and personal insolvency. MPs said misleading advertising is at the heart of problems some people are getting into, including taking out short-term loans and pay-day loans....
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