Scottish teaching 'to include personal finance'

October 08 2009

Teachers in Scotland may soon have to add personal finances lessons to the curriculum as ministers voiced plans to include basic money skills in the curriculum.

Fiona Hyslop, Scottish education secretary, suggested that experts in the field would come up with a suitable programme of education for teachers in Scotland to follow.

Such a change in the curriculum in Scotland has been welcomed by the Personal Finance Education Group.

Regional director for the organisation Celia Allaby said that it would be good to have such lessons across the country, not just in Scotland.

Indeed, having government backing in this field is an essential step, said Ms Allaby.

"Having the government backing is fundamental; even if it doesn't end up as law, it is very important to have that backing," she said, adding that the schools secretary Ed Balls has already seen how important it is to ensure children do not get into the same financial difficulties their parents have faced.

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