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<p>The Government wants all young people to manage their money well, make sound financial
decisions and know where to seek further information when needed.</p><p>The Department
works closely with the Money and Pensions Service (MaPS) and HM Treasury to consider
the wide range of evidence for financial education, including reports from the Centre
for Financial Capability, and to explore the opportunities to improve access for all
pupils to high quality financial education.</p><p>MaPS has a statutory duty to develop
and co-ordinate a national strategy to improve people’s financial capabilities and
their ten-year strategy, published in 2020, set out their national goal that two million
more children and young people will receive a meaningful financial education by 2030.
The strategy is supported by Delivery Plans for each nation of the UK, which are available
here: <a href="https://www.maps.org.uk/uk-strategy-for-financial-wellbeing/" target="_blank">https://www.maps.org.uk/uk-strategy-for-financial-wellbeing/</a>.</p><p>The
Department has introduced a rigorous mathematics curriculum which provides young people
with the arithmetic that pupils should be taught to make important financial decisions.
In the primary mathematics curriculum, there is a strong emphasis on the essential
arithmetic that pupils should be taught. This is vital, as a strong grasp of mathematics
will underpin pupils’ ability to manage budgets and money, including, for example,
using percentages. There is also some specific content on financial education, such
as calculations with money. Primary schools can also choose to teach financial education
content within their citizenship curriculum, using the non-statutory citizenship curriculum
for Key Stages 1 and 2, which can be found here: <a href="https://www.gov.uk/government/publications/citizenship-programmes-of-study-for-key-stages-1-and-2"
target="_blank">https://www.gov.uk/government/publications/citizenship-programmes-of-study-for-key-stages-1-and-2</a>.</p><p>MaPS
published guidance for primary and secondary schools in England, to support headteachers
to enhance the financial education currently delivered in their schools. The guidance
can be found here: <a href="https://maps.org.uk/2021/11/11/financial-education-guidance-for-primary-and-secondary-schools-in-england/"
target="_blank">https://maps.org.uk/2021/11/11/financial-education-guidance-for-primary-and-secondary-schools-in-england/</a>.</p><p>The
Department and MaPS will deliver a series of joint financial education webinars this
academic year, aimed at promoting the importance of financial education for all pupils
and improving teacher confidence and knowledge, as well as providing a launchpad for
further engagement with training and resources to support continuous improvement.</p><p>
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