Hammond is not the only one who can’t budget well
FE student loans are scant help if two-thirds of college learners can’t manage their money effectively, says financial capability expert Alison Pask
The decision of chancellor Philip Hammond to raise the National Insurance contributions of self-employed workers might have grabbed the headlines following last month’s Budget. But for those of us working in the education sector, the most interesting detail was surely the reported additional £500 million investment that is to be provided each year to expand the training opportunities available to 16- to 19-year-olds.
Labelled as a “vote of confidence” in the UK’s FE sector by the Association of Colleges, the extra funding for these “technical” education pathways is welcome. It’s also ...