Royal Bank of Scotland (RBS) has backed a Liberal Democrat proposal to educate children about personal finance.
Leader of the party Nick Clegg yesterday called for the school maths curriculum to be expanded to include lessons about debt management and the problems that can arise from unsecured loans.
And head of community investment at RBS Stephen Moir noted that it is important that banks, schools and parents work with young people because they need to be made aware of how to manage money early.
"They need to leave school equipped with some basic but vital life skills like understanding why it's important to save, learn about budgeting and what financial decisions they'll have to take," he said.
Mr Moir added that Royal Bank of Scotland (RBS) has been working with NatWest to provide MoneySense - a financial education programme for schools.
Yesterday Mr Clegg noted that debt has increased by £1 trillion since the Labour government came to power in 1997.
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