Teaching the gentle arts of failed speculation and rate rigging in schools: completing the corporate takeover of Britain?
Rage distracted me from my gentle Sunday plans – mixed with surprise that our government could display even more corporate-friendly arrogance than I thought possible. Are there no lengths to which they will go? No depths to which they will sink?
Yesterday an article by Elaine Moore, deputy editor of FT Money, was widely retweeted.
It opens by reporting a plan by the All-Party Parliamentary Group on Financial Education for Young People to invite high street banks – even those responsible for the consumer ‘mis-selling’ scandal of the past decade – into British schools to help to teach financial education.
Banks, including Lloyds, RBS and Barclays, would be considered for a list of financial service firms permitted to use branded material when making classroom presentations in English primary and secondary schools from September 2014.
And the Department for Education states that there are no rules to prohibit corporate involvement in teaching and the display of brand names in material used in lessons.
Financial education – and lessons in the art of form-filling until plain English triumphs – is undoubtedly needed in schools to equip pupils to cope with ‘the system’, but choose decent, honest, intelligent and well-informed people to give this instruction.
My candidate would be financial journalist Paul Gosling; name yours . . .