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<p>Financial education forms a compulsory part of the National Curriculum for mathematics
(at Key Stages 1 to 4) and citizenship (at Key stages 3 and 4), which together cover
important financial topics including personal budgeting, saving for the future, managing
credit and debt, and calculating interest. The National Curriculum is compulsory for
maintained schools but academies must teach a broad and balanced curriculum, including
mathematics. The National Curriculum can be found here: <a href="https://www.gov.uk/government/collections/national-curriculum"
target="_blank">https://www.gov.uk/government/collections/national-curriculum</a>.</p><p>The
Prime Minister recently announced more investment in secondary mathematics, and that
mathematics will be studied by all 16 to 18 year olds as part of the new Advanced
British Standard qualification.</p><p>As with all aspects of the curriculum, schools
have flexibility over how they deliver financial education, so they can develop an
approach that is sensitive to the needs and background of their pupils.</p><p>There
is a wide range of support for financial education. For example, the Money and Pensions
Service has published guidance, setting out how schools can improve the financial
education they deliver, and signposting to services and resources that can help. The
guidance can be found here: <a href="https://maps.org.uk/en/publications/research/2021/financial-education-guidance-for-primary-and-secondary-schools-in-england"
target="_blank">https://maps.org.uk/en/publications/research/2021/financial-education-guidance-for-primary-and-secondary-schools-in-england</a>.</p><p>The
Department’s national network of 40 Maths Hubs also supports schools to improve their
mathematics teaching, including financial content in the mathematics curriculum, based
on best practice from East Asia.</p><p>The Oak National Academy, which became an independent
Arm’s Length Body in September 2022, will provide adaptable, optional and free support
for schools, reducing teacher workload and enabling pupils to access a high quality
curriculum. New Oak curriculum materials, including for mathematics, will start be
available from autumn 2023, with full curriculum packages available by summer 2024.
Oak’s next phase of procurement of curriculum resources is expected to launch in late
2023 and will include citizenship.</p>
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