Happy Monday,
There's lots happening in the finance space at the moment, so let me bring you into some of the key topics of conversation right now.
💡 FINANCIAL LITERACY IN SCHOOLS:
We've complained about it for years. It's finally happening.
The UK announced a major education reform, making financial literacy a core part of the school curriculum from primary level upwards.
From 2027, pupils will learn practical money skills including:
→ Budgeting and saving
→ Understanding Loans
→ How mortgages work
→ Credit and digital money
It's a big step in the right direction and it's happening globally. So far, New Zealand and Cyprus have also rolled out similar initiatives, and honestly? I love to see it.
Research shows that early money habits form before age 7, yet 9 in 10 adults in England say they learned nothing about money in school - even more reason why this shift matters.
🔭 What's next?
In 2026, the Department of Education is expected to release a detailed curriculum guidance and teacher support.
It's a promising move, but as always, quality will be key. Teacher training, resources and the depth will determine how effective this really becomes.
💰 AUTUMN BUDGET:
You might have also seen a lot flying around regarding the Autumn Budget. If you're not already following, I think this is one you're going to want to pay attention to.
This is Labour's first major budget since their election, and in short… it matters.
So far, Chancellor Rachel Reeves has hinted that “nothing is off the table” when it comes to Income tax, National Insurance and VAT. Not exactly what we want to hear but there's a real reason behind the speculation.
I won't stress you with the details just yet - I'll do a thorough debrief when we have the official announcement but to give you a view of what's happening with the UK economy…
Imagine a maxed out credit card, with a high interest rate and the total debt being 97% of all the money in your wallet. That's roughly the state of the public finances right now.
There are really only three options in this scenario:
1️⃣ Borrow more - very risky and unsustainable
2️⃣ Cut spending - which would hit our already strained public services like the NHS
3️⃣ Raise taxes - the most direct way to increase revenue
You see why it's not looking good? 😶
I joined the BBC last week to discuss the latest tax speculation and why a raise in Income tax is a likely outcome - you can see a snippet here: TBC
The official announcement drops on November 26, so stay tuned.
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Fis