The Financial Services
Authority has gone on red alert in the wake of the shocking news that a third
of students are constantly overdrawn. The financial services
watchdog is introducing a financial education programme to 50 more universities
this year because young people are least able to manage their finances among UK
adults (preparing them well for a future in banking). Downtime reckons software suppliers
should get in on the act because there is evidently a need for accounting
solutions in the student community, and the government is clearly throwing
money at them.
