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1250777

registered interest
date	11/11/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what recent assessment his Department has made of the adequacy of provision of financial education at a primary education level; if he will make an assessment of the potential contribution of Talk Money Week to improving that provision; and if he will make a statement on the educational value of talking about money with children and young people.
tabling member constituency	Portsmouth South
tabling member printed	Stephen Morgan
uin	114304
answer	answer is ministerial correction date of answer 23/11/2020 answer text <p>Education on financial matters ensures that pupils are well prepared to manage their money, make sound financial decisions and know where to seek further information, if required. In 2014, for the first time, financial literacy was made statutory within the National Curriculum as part of the citizenship curriculum for 11 to 16 year olds.</p><p>The Department also introduced a rigorous mathematics curriculum, which provides pupils with the knowledge and skills to make important financial decisions. The Government has published statutory programmes of study for mathematics and citizenship that outline what pupils should learn about financial education from key stages one to four.</p><p>In the primary mathematics curriculum, there is a strong emphasis on the arithmetic that pupils should have. This knowledge is vital, as a strong understanding of numeracy and numbers will underpin the pupils’ ability to manage budgets and money. There is also some specific content about financial education such as calculations with money.</p><p>The Department trusts schools to use their professional judgement and understanding of their pupils to develop the right teaching approach for their particular school, drawing on the expertise of subject associations and organisations such as Young Money.</p><p>Schools should have resumed teaching an ambitious and broad curriculum in all subjects from the start of the autumn term. This means that all pupils will be taught a wide range of subjects so they can maintain their choices for further study and employment. The Department’s latest guidance on teaching to support children is set out here: <a href="https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools" target="_blank">https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools</a>.</p><p>The Department supports wider initiatives that aim to improve financial confidence, such as Talk Money Week, led by the Money and Pensions Service (MaPS). Talk Money Week is a platform for all UK citizens that aims to encourage open discussions at home, within families and at school about managing money. More information is available at: <a href="https://maps.org.uk/talk-money-week/" target="_blank">https://maps.org.uk/talk-money-week/</a><em>. </em></p><p>The Department does not plan to make its own assessment of the contribution of Talk Money Week to improving the provision of financial education at primary education level. We will continue to work closely with the MaPS and other stakeholders such as Her Majesty’s Treasury to consider what can be learnt from such initiatives and how to provide further support for the teaching of financial education in schools<em>.</em></p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 23/11/2020 15:42:38 answering member 111 label Biography information for Nick Gibb
tabling member	4653 label Biography information for Stephen Morgan

1247071

registered interest
date	30/10/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what assessment he has made of the contribution of the provision of financial education from a young age to reducing the additional economic pressures experienced by households as a result of the covid-19 outbreak.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	109596
answer	answer is ministerial correction date of answer 09/11/2020 answer text <p>Education on financial matters helps to ensure that young people are prepared to manage their money well, make sound financial decisions, and know where to seek further information when needed. In 2014, for the first time, financial literacy was made statutory within the National Curriculum as part of the citizenship curriculum for 11 to 16 year olds.</p><p>We also introduced a rigorous Mathematics curriculum, which provides young people with the knowledge and financial skills to make important financial decisions. The Government has published statutory programmes of study for Mathematics and citizenship that outline what pupils should learn about financial education from Key Stages One to Four.</p><p>In the primary Mathematics curriculum, there is a strong emphasis on the essential arithmetic that pupils should have. This knowledge is vital, as a strong understanding of numeracy and numbers will underpin the pupils’ ability to manage budgets and money, including, for example, percentages. There is also some specific content about financial education, such as calculations with money.</p><p>We trust teachers to use their professional judgement and understanding of their pupils to develop the right teaching approach for their particular school, drawing on the expertise of subject associations and organisations such as Young Money.</p><p>Schools should have resumed teaching an ambitious and broad curriculum in all subjects from the start of the autumn term. This means that all pupils will be taught a wide range of subjects, so they can maintain their choices for further study and employment. Our latest guidance on teaching to support children is set out here: <a href="https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools" target="_blank">https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools</a>.</p><p>Our £1 billion COVID-19 catch-up package, with £650 million shared across schools over the 2020/21 academic year, will support education settings to put the right catch-up support in place. Information about our COVID-19 catch-up package is found here: <a href="https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time" target="_blank">https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time</a>.</p><p>The Education Endowment Foundation have published a COVID-19 support guide to support schools to direct this funding. Information about our COVID-19 support guide is found here: <a href="https://educationendowmentfoundation.org.uk/covid-19-resources/national-tutoring-programme/covid-19-support-guide-for-schools/#closeSignup" target="_blank">https://educationendowmentfoundation.org.uk/covid-19-resources/national-tutoring-programme/covid-19-support-guide-for-schools/#closeSignup</a>.</p><p>For the longer term, the Department will continue to work closely with The Money and Pension Service and HM Treasury, to consider how to provide further support for the teaching of financial education in schools<em>.</em></p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb grouped question UIN 109595 question first answered 09/11/2020 16:34:40 answering member 111 label Biography information for Nick Gibb
tabling member	4656 label Biography information for Layla Moran

1246254

registered interest
date	22/10/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what plans he has to (a) improve the financial education curriculum and (b) increase delivery of that education at primary level in the context of the economic situation as a result of the covid-19 outbreak; and if he will make a statement.
tabling member constituency	Newton Abbot
tabling member printed	Anne Marie Morris
uin	107657
answer	answer is ministerial correction date of answer 06/11/2020 answer text <p>Education on financial matters helps to ensure that young people are prepared to manage their money well, make sound financial decisions and know where to seek further information when needed. In 2014, financial literacy was made statutory within the national curriculum for the first time, as part of the citizenship curriculum for 11 to 16 year olds.</p><p>The Department also introduced a rigorous mathematics curriculum, which provides young people with the knowledge and financial skills to make important financial decisions. The Government has published statutory programmes of study for mathematics and citizenship that outline what pupils should learn about financial education from key stages one to four.</p><p>In the primary mathematics curriculum, there is a strong emphasis on the arithmetic that pupils should have. This knowledge is vital, as a strong understanding of numeracy and numbers will underpin the pupils’ ability to manage budgets and money, including, for example, percentages. There is also some specific content about financial education such as calculations with money.</p><p>We trust schools to use their professional judgement and understanding of their pupils to develop the right teaching approach for their students, drawing on the expertise of subject associations and organisations such as Young Money.</p><p>The Department will continue to work closely with the Money and Pension Service and HM Treasury to consider how to provide further support for the teaching of financial education in schools<em>.</em></p><p>Schools should have resumed teaching an ambitious and broad curriculum in all subjects from the start of the autumn term. This means that all pupils will be taught a wide range of subjects so they can maintain their choices for further study and employment. The latest guidance on teaching to support children is set out here: <a href="https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools" target="_blank">https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools</a>.</p><p>The Government has made £650 million of catch-up funding available, as part of a wider £1 billion COVID-19 catch-up package, to be shared across schools over the 2020-21 academic year. Details of the catch-up package are available here: <a href="https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time" target="_blank">https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time</a>.</p><p>The Education Endowment Fund has published a COVID-19 support guide to support schools to use this funding effectively.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 06/11/2020 09:53:02 answering member 111 label Biography information for Nick Gibb
tabling member	4249 label Biography information for Anne Marie Morris

1226737

registered interest
date	21/07/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what steps he is taking to increase the teaching of financial capability to children and young people as the covid-19 lockdown restrictions are eased.
tabling member constituency	Delyn
tabling member printed	Rob Roberts
uin	77832
answer	answer is ministerial correction date of answer 03/09/2020 answer text <p>Financial education is taught as part of the national curriculum subjects of mathematics and citizenship. Due to the unprecedented challenges for schools caused by the COVID-19 outbreak, the Government ensured that during the national lockdown restrictions, schools were given flexibility around the education they are providing to their pupils. The Department expected schools and teachers to use their professional judgement and knowledge of their pupils’ educational needs to plan appropriate content that enables education to continue.</p><p>Schools should resume teaching an ambitious and broad curriculum, in all subjects, from the start of the autumn term. This means that all pupils will be taught a wide range of subjects so they can maintain their choices for further study and employment. Our latest guidance on teaching to support children is set out here: <a href="https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools" target="_blank">https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools</a>.</p><p>Our £1 billion COVID-19 “catch-up” package, including £650 million shared across schools over the 2020/21 academic year, will support schools to put the right catch-up support in place: <a href="https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time" target="_blank">https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time</a>.</p><p> </p><p>The Education Endowment Foundation have published a COVID-19 support guide to support schools to direct this funding, which is accessible here: <a href="https://educationendowmentfoundation.org.uk/covid-19-resources/national-tutoring-programme/covid-19-support-guide-for-schools/" target="_blank">https://educationendowmentfoundation.org.uk/covid-19-resources/national-tutoring-programme/covid-19-support-guide-for-schools/</a>.</p><p>For the longer term, the Department will continue to work closely with The Money and Pension Service and HM Treasury to consider how to provide further support for the teaching of financial education in schools.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb grouped question UIN 77831 77833 question first answered 03/09/2020 16:53:55 answering member 111 label Biography information for Nick Gibb
tabling member	4810 label Biography information for Mr Rob Roberts

1216220

registered interest
date	22/06/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, if he will make an assessment of the adequacy of the provision of financial education to children and young people in response to the impact of covid-19 outbreak.
tabling member constituency	Ashfield
tabling member printed	Lee Anderson
uin	62623
answer	answer is ministerial correction date of answer 30/06/2020 answer text <p>Financial education is taught within the national curriculum in mathematics and citizenship. At present, due to the unprecedented challenges for schools caused by the COVID-19 outbreak, the Government understands that schools will need flexibility around the education they are providing to their pupils. We expect schools and teachers to use their professional judgement, knowledge of their pupils’ educational needs and home circumstances, to plan appropriate content that enables education to continue.</p><p>Our latest guidance on teaching to support children is set out here: <a href="https://www.gov.uk/guidance/remote-education-during-coronavirus-covid-19" target="_blank">https://www.gov.uk/guidance/remote-education-during-coronavirus-covid-19</a>.</p><p>Longer term, the Department will continue to work closely with The Money and Pension Service and HM Treasury to consider how to provide further support for the teaching of financial education in schools.</p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 30/06/2020 16:18:31 answering member 111 label Biography information for Nick Gibb
tabling member	4743 label Biography information for Lee Anderson

1204267

registered interest
date	16/06/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, with reference to the effect of the covid-19 outbreak on access to education, what steps he is taking to ensure that children are provided with the skills to (a) manage money effectively and (b) prepare them for making future financial decisions.
tabling member constituency	Kingston upon Hull West and Hessle
tabling member printed	Emma Hardy
uin	59878
answer	answer is ministerial correction date of answer 24/06/2020 answer text <p>Financial education is taught within the national curriculum in maths and citizenship. The Department will continue to work closely with The Money and Pension Service and HM Treasury to consider how we can further support the teaching of financial education in schools.</p><p>At present, due to the unprecedented challenges for schools caused by COVID-19, the Government understands that schools will need flexibility around the education they are providing to their pupils, both at home and at school. We expect schools and teachers to use their professional judgement, and knowledge of their pupils’ educational needs and home circumstances, to plan appropriate content that enables education to continue.</p><p>These are rapidly developing circumstances; we continue to keep the situation under review and will keep Parliament updated accordingly.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 24/06/2020 15:49:39 answering member 111 label Biography information for Nick Gibb
tabling member	4645 label Biography information for Emma Hardy

1170747

registered interest
date	14/01/2020
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what steps his Department is taking to ensure the provision of effective financial education for young people.
tabling member constituency	West Lancashire
tabling member printed	Rosie Cooper
uin	3159
answer	answer is ministerial correction date of answer 22/01/2020 answer text <p>Since 2014 financial education has been statutory within the secondary national curriculum as part of citizenship and mathematics. Financial education ensures that pupils are taught the functions and uses of money, the importance of personal budgeting, money management and managing financial risk.</p><p> </p><p>The Ofsted inspection framework sets out how inspections take a view on the quality of the broad and balanced education that a school provides. This includes how schools provide pupils with the knowledge and skills needed to take advantage of opportunities, responsibilities and experiences of later life, which can include financial education, as well as how curriculum subjects such as citizenship contribute to pupils’ personal development.</p><p>There are a number of organisations that support financial education for young people. Young Money recently launched a free financial education textbook for secondary schools, to support high quality teaching of the subject. We are currently working with the Money and Pension Service and HM Treasury to consider how we can support further the teaching of financial education in schools.</p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 22/01/2020 11:22:36 answering member 111 label Biography information for Nick Gibb
tabling member	1538 label Biography information for Rosie Cooper

1138553

registered interest
date	11/07/2019
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they have taken to support (1) the introduction of financial education, and (2) the understanding of consumer products, in secondary schools.
tabling member printed	Lord Evans of Watford
uin	HL17111
answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>Education on financial matters helps to ensure that young people are prepared to manage their money well, make sound financial decisions and know where to seek further information when needed. In 2014, financial literacy was made statutory within the national curriculum as part of the citizenship curriculum for 11-16 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. We have also introduced a rigorous new mathematics curriculum, which provides young people with the knowledge and mathematical skills to make important financial decisions.</p><p>An understanding of consumer products and how they are advertised can be important in personal finances. In the statutory relationships, sex and health education guidance, to be implemented in all schools within England from September 2020, it states that pupils should be taught about how advertising is targeted at them, and how they should be discerning consumers of information online. The department has published further guidance on teaching online safety, to support schools in their delivery of online safety content within their curriculum and wider whole school approaches. This guidance is attached and is available here: <a href="https://www.gov.uk/government/publications/teaching-online-safety-in-schools" target="_blank">https://www.gov.uk/government/publications/teaching-online-safety-in-schools</a>.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 22/07/2019 11:45:13 answering member 4689 label Biography information for Lord Agnew of Oulton attachment 1 file name HL17111_Teaching_online_safety_in_schools.pdf title HL17111_PDF
tabling member	2766 label Biography information for Lord Evans of Watford

1001937

registered interest
date	05/11/2018
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what guidance his Department provides to (a) primary and (b) secondary schools on the amount of financial education that should be provided to students.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	187992
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>In 2014 financial literacy was made statutory within the national curriculum 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>The Department has introduced a rigorous new mathematics curriculum, which provides young people with the knowledge and financial skills to make important financial decisions. The Government has published statutory programmes of study for mathematics and citizenship that outline what pupils should learn about financial education from Key Stages 1-4.</p><p> </p><p>The Department trusts schools to use their professional judgement and understanding of their pupils to develop the right teaching approach for their particular school, drawing on the expertise of subject associations and organisations such as Young Money.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 12/11/2018 17:32:54 answering member 111 label Biography information for Nick Gibb
tabling member	308 label Biography information for Mr Jim Cunningham

937877

registered interest
date	10/07/2018
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what steps his Department is taking to ensure schools are equipped to teach fraud prevention skills.
tabling member constituency	Bermondsey and Old Southwark
tabling member printed	Neil Coyle
uin	162585
answer	answer is ministerial correction date of answer 18/07/2018 answer text <p>Schools can teach pupils about fraud prevention and online safety through personal, social, health and economic education (PSHE). The PSHE Association's non-statutory programme of study, which references to online safety, is here: <a href="https://www.pshe-association.org.uk/curriculum-and-resources/resources/programme-study-pshe-education-key-stages-1%E2%80%935" target="_blank">https://www.pshe-association.org.uk/curriculum-and-resources/resources/programme-study-pshe-education-key-stages-1%E2%80%935</a>.</p><p> </p><p>The Children and Social Work Act 2017 grants power to the Secretary of State for Education to make PSHE, or elements therein, mandatory in all schools. Teaching about online safety will be considered as part of this process. The Department is intending to launch a consultation on the draft regulations and statutory guidance shortly, and will say more about the implementation timetable at that point.</p><p> </p><p>Financial matters are also taught through citizenship studies. The subject is designed to provide the skill to help young people understand how to manage their money well and make sound financial decisions. For example in Key Stage 3, pupils are taught the functions and uses of money, the importance and practice of budgeting, and managing risk; and at Key Stage 4, they are taught income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent. The issue of fraud is taught at various levels, and pupils gain the knowledge of identifying and managing the risks. The full programme for study can be found here: <a href="https://www.gov.uk/government/publications/national-curriculum-in-england-citizenship-programmes-of-study" target="_blank">https://www.gov.uk/government/publications/national-curriculum-in-england-citizenship-programmes-of-study</a>.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 18/07/2018 15:47:41 answering member 111 label Biography information for Nick Gibb
tabling member	4368 label Biography information for Neil Coyle