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Summit targets money matters

A Downing Street summit on how to educate children about bank accounts, tax returns and the stock market was held this week, ahead of the publication of research that show few teachers are confident teaching personal finance.

Fewer than a quarter of secondaries offer pupils more than two such lessons a term, the survey of 1,156 schools found.

The Financial Services Authority is concerned that young people are far less able to manage their finances than older people.

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