A new initiative launched by the government to help educate individuals in the UK about their personal finances has been officially launched in the London.

The new personal finance programme called ‘Programme in Personal Financial Planning’ available at the ifs School of Finance has been welcomed by politicians.  The new education programme has been earmarked by a ceremony at the House of Commons.

The aim of the programme is to educate and help individuals who are struggling with their personal debts and free them from the burden of debt; in addition to educating people to avoid future financial problems. The organizers of the personal finance programme hope it will be avialbe throughout the UK in adult education centres.

Noorjahan Rashid, from Tower Hamlets in London commented: “I have only been taking this course for four weeks but have found it life changing.”

“I know about mortgages and interest rates and all sorts of financial things…it’s really given me confidence,” she added.

Many pf the UK’s indebted consumers could have been disappointed recently as the Bank of England opted not top reduce the cost of borrowing.