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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

894936

registered interest
date	30/04/2018
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, if his Department will assess the potential merits of recommending adding to the school curriculum financial education which includes advice on filling out tax forms.
tabling member constituency	Upper Bann
tabling member printed	David Simpson
uin	139452
answer	answer is ministerial correction date of answer 09/05/2018 answer text <p>The Department has introduced a rigorous new mathematics curriculum, which provides young people with the knowledge and financial skills to make important decisions about mortgages, loan repayments, the importance of personal budgeting, money management and financial risks.</p><p> </p><p>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. Pupils are taught the functions and uses of money, the importance of personal budgeting, money management and the need to understand financial risk. Schools can include teaching about completing tax returns should they wish to, based on the needs of their pupils.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Nick Gibb question first answered 09/05/2018 16:06:05 answering member 111 label Biography information for Nick Gibb
tabling member	1597 label Biography information for David Simpson