I notice that New Labour are setting up another thought conditioning experiment on the young. They are requiring schools to teach 'financial capability' as part of PSE lessons. They are going to teach children about bank accounts, how to set up a DD, how to write a cheque and well, all about lots of other bits of what is just administration.
This is risible for two reasons.
1. New Labour being the most financially inept government ever, has no credibility at all when it comes to financial capability.
2. If they wanted to teach children something useful they could drum into them two simple facts. (a) Don't trust banks. And (b) Don't trust governments.
The admin they can sort out for themselves when they get there.
There. Easy isn't it.
(Have you seen the equally risible NatWest Ads? There's one of their female bods in a school going on about all this admin. If I was a teacher I'd ask her to explain to the class how they made such a first class mess of their business, went bust, and tried very hard to take the whole country with them. Now that would be a useful lesson).