BRITAIN is lagging behind the rest of the world when it comes to maths ability as it was revealed that only 48 per cent of Brits can work out simple sums.

According to research conducted by the Organisation for Economic Co-operation and Development (OECD), financial literacy in the UK is way behind that of Hong Kong, where 84 per cent of adults can answer simple questions.

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Britain was also found to be performing worse than a host of other countries including Brazil, the Czech Republic, Poland, Georgia, Turkey, Hungary, Lithuania and Portugal.

Only South Africa scored worse than the UK at just 25 per cent.

In terms of gender, the report found that men fared better than women overall when it came to maths sums with 58 per cent of male respondents achieving the minimum acceptable score, compared with just 37 per cent of female participants.

QUIZ: Take our financial quiz to see if you can beat the British average - you need more than 50 per cent to pass...