Tories plan to beat debt

The Conservatives today announced their plans to tackle Britain’s personal debt culture.

The 6 point plan they have outlined is:

1. Tackle financial illiteracy

2. "Cooling-off" period on store cards

3. Greater corporate responsibility

4. Clearer information on cost of debt

5. Look at advertising code for Individual Voluntary Agreements (IVAs)

6. More competition within "door-to-door" credit firms

On the whole I agree with the 6 points. For a long time I have been in favour of teaching about finances in School. The number of people who appear to not understand their personal finances is quite appalling considering how important they are.