Self-employed group call on Government to improve financial education in schools
IPSE has today (Monday 14 November), responded to a report from the Money Advice Service, which states teenagers are “ill-prepared” over their finances post education.
Commenting on the report, IPSE’s Education and Training Manger, Lydia Wakefield, said: “More and more young people are taking the leap into self-employment – but they don’t have a grounding in the necessary skills to get their business on track.
“IPSE calls on Government to introduce a Work and Life Skills module, encompassing self-employment, to be embedded in the national curriculum at Key Stage Three or Four. The module should include financial education, basic business principles, basic legal understanding and commercial awareness. As well as a standalone module, enterprise education should also be embedded throughout the curriculum.
"Young people entering self-employment cannot be expected to succeed if they don’t have simple finance skills, such as understanding taxes, invoicing and budgeting."Training, Policy