"It gives pupils the chance to learn about finance and the basics of managing money."

Will they learn the concept of fractional reserve banking I wonder (Google it) or the concept of "Money as Debt" (worth a Google too).

However, as long as they lend out more money than they have to anyone who can fog a mirror, they'll be as sound as a pound.


"This will help them to understand the process of running a bank account and seeing their savings grow."

Savings may grow, but they will lose purchasing power in the current economic climate.

Let's not forget that CPI inflation is now significantly greater than the derisory amounts being paid in interest, so a saver's money is actually losing purchasing power sitting in a bank under the reign of Crash Gordon and Captain Darling.

That's without taking into account the ongoing increase in the broad money supply, and now of course, the wonder of Quantitative Easing.

(And for anyone who believes that government inflation figures can be relied on for an accurate appeasement of real world inflation, please get in touch, I've got a bridge in London that I'm sure you'll be interested in buying. No Sterling please though, I want something that isn't being reduced to toilet paper)

Put simply, the more money you print, the more the value of any existing money in the system decreases.

Savers are effectively being robbed to bail out the feckless. Just thought I'd mention it.