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<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.</p><p>At primary school, financial education is included
in the mathematics curriculum. In the curriculum, there is a strong emphasis on the
essential arithmetic that pupils should be taught. This knowledge is vital, as a strong
grasp of mathematics will underpin pupils’ ability to manage budgets and money, including,
for example, using percentages. The mathematics curriculum also includes specific
content regarding financial education, such as calculations with money.</p><p>Primary
schools can also teach financial education through citizenship. Although this is not
part of the National Curriculum until Key Stage 3, the Department has published a
non-statutory citizenship curriculum for Key Stages 1 and 2, to support schools to
ensure that pupils are taught how to look after their money and realise that future
wants and needs may be met through saving. There is also a wide range of resources
available for schools, including the Money and Pension Service’s (MaPS) financial
education guidance for primary and secondary schools in England. This 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 continues to work with MaPS and HM Treasury to consider the evidence and
explore opportunities to promote the importance of financial education to schools.
The Department is currently working with MaPS to deliver financial education webinars
this academic year, promoting the importance of financial education and building teachers’
confidence in this area.</p>
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