Financial Services: Education
The question
To ask the Secretary of State for Education, what assessment her Department has made of the adequacy of the provision of financial education in schools in Buckingham and Bletchley constituency.
Answered by Catherine McKinnell
Financial education forms a compulsory part of the national curriculum for mathematics at key stages 1 to 4, and citizenship at key stages 3 and 4. Together these cover personal budgeting, saving for the future, managing credit and debt, and calculating interest.
The independent Curriculum and Assessment Review is considering whether there is sufficient coverage of key knowledge and skills, including financial education, to prepare children and young people for future life and to thrive in a fast-changing world.
The interim report highlighted that the Review has heard consistently from children and young people and their parents that they want more focus on the applied knowledge and skills that will equip them for later life and work, such as financial education.
The Review’s final report and recommendations will be published in autumn with the government’s response.
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