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<p>The new national curriculum, introduced in September 2014, made financial literacy
statutory for the first time. It is taught as part of the citizenship curriculum for
11 to 16 year olds. Pupils are taught the functions and uses of money, the importance
of personal budgeting, money management and the need to understand financial risk.</p><p>
</p><p>All schools do have a duty to provide their pupils with a broad and balanced
curriculum and financial education can be delivered as part of this. Financial education
can also be addressed more broadly as part of extra-curricular activities. Programmes
such as the National Citizen Service give young people the chance to plan and potentially
fundraise for a social action project.</p><p> </p><p>There are currently no plans
to review the national curriculum.</p>
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