The department has no plans to undertake a detailed review of the teaching of financial literacy in Denmark, Norway and Sweden. The department continues to work closely with HM Treasury and the Money and Pensions Service to monitor the evidence base for financial education to understand what works and what further support schools may need.<\/p>
In order to provide stability for schools and to enable them to remain focused on raising standards of literacy and numeracy and recovery from the pandemic, the government has committed to making no changes to the national curriculum for the remainder of the Parliament.<\/p>
The current mathematics curriculum in England already provides young people with the mathematical knowledge that underpins their ability to make important financial decisions. Mathematics is compulsory in maintained schools and academies must teach a broad and balanced curriculum, including mathematics. Since 2014, the department has reformed the mathematics curriculum and examinations system, bringing teaching practice from high-performing jurisdictions from across East Asia to primary and secondary schools in England.<\/p>
International comparison studies of school-aged pupils show that England performs above the international averages for mathematics for all age groups. Before the pandemic, England achieved its highest ever mathematics score in the 2019 Trends in International Mathematics and Science Study international test for year five pupils.<\/p>
Ofsted\u2019s latest mathematical subject report in 2023 stated that primary mathematics education has seen "a resounding, positive shift" with curriculum sitting "at the heart of leaders' decisions and actions", whilst secondary mathematics education has seen "notable improvements" in curriculum guidance and professional development.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4703", "label" : {"_value" : "Biography information for Baroness Barran"} } , "answeringMemberPrinted" : {"_value" : "Baroness Barran"} , "dateOfAnswer" : {"_value" : "2024-04-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-04-08T12:47:44.173Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2024-03-27", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Education"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the Written Answer by Baroness Barran on 19 February (HL2185), whether they plan to undertake a detailed review of the teaching of financial literacy in Denmark, Norway and Sweden with a view to updating the mathematics national curriculum.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4907", "label" : {"_value" : "Biography information for Lord Cruddas"} } , "tablingMemberPrinted" : [{"_value" : "Lord Cruddas"} ], "uin" : "HL3662"} , {"_about" : "http://data.parliament.uk/resources/1699280", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1699280/answer", "answerText" : {"_value" : "
As of February 2024, 69.7% of open primary schools (11,680) and 57.7% of open secondary schools (1,970) have participated in at least one year of the Teaching for Mastery Programme.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4703", "label" : {"_value" : "Biography information for Baroness Barran"} } , "answeringMemberPrinted" : {"_value" : "Baroness Barran"} , "dateOfAnswer" : {"_value" : "2024-04-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-04-08T12:48:04.64Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2024-03-27", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Education"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the Written Answer by Baroness Barran on 19 February (HL2185), what proportion of (1) primary, and (2) secondary, schools the Maths Hubs\u2019 Teaching for Mastery programme has reached in the light of the targets mentioned in the Answer to reach 75 per cent of primary schools and 65 per cent of secondary schools by 2025.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4907", "label" : {"_value" : "Biography information for Lord Cruddas"} } , "tablingMemberPrinted" : [{"_value" : "Lord Cruddas"} ], "uin" : "HL3663"} , {"_about" : "http://data.parliament.uk/resources/1699281", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1699281/answer", "answerText" : {"_value" : "
It is crucial that all pupils are equipped with the knowledge and tools to manage their finances well in later life. That is why financial education is embedded in the national curriculum for mathematics at key stages 1 to 4, and in citizenship at key stages 3 and 4.<\/p>
The national curriculum is compulsory for maintained schools, but all schools are measured by Ofsted on having a broad and balanced curriculum which is comparable to the national curriculum. As with other aspects of the curriculum, schools can choose how to teach financial education and they can tailor what they teach to make sure all pupils are taught what they need to know.<\/p>
The Levelling Up White Paper identified 55 Education Investment Areas where the department will implement a package of measures to drive school improvement and accelerate progress towards the department\u2019s 2030 ambition that 90% of pupils meet the expected standards in reading, writing and mathematics at the end of primary school and that the average mathematics and English GCSE grade increases to a 5.<\/p>
There is a range of financial education support for schools. For example, Oak National Academy, an Arm\u2019s Length Body, has published its initial mathematics resources, with the full curriculum available by this autumn. As part of this, Oak is exploring including additional lessons in real life mathematics. Secondary citizenship resources will become available from autumn 2024 and will be complete by autumn 2025. The Money and Pensions Service has published guidance for schools and there is specialist support for fraud and tax education from the Home Office and HMRC respectively.<\/p>
The department also works closely with the Money and Pensions Service which exists to help people make the most of their money and pensions, particularly those most in need and those most vulnerable to financial insecurity. The Money and Pensions Service has invested £1.1 million in financial education programmes to support children and young people in vulnerable circumstances and has published guidance to help children and young people's services to embed financial wellbeing into the services they offer.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4703", "label" : {"_value" : "Biography information for Baroness Barran"} } , "answeringMemberPrinted" : {"_value" : "Baroness Barran"} , "dateOfAnswer" : {"_value" : "2024-04-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-04-08T12:48:37.54Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2024-03-27", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Education"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the Written Answer by Baroness Barran on 19 February (HL2185), what steps they are taking to ensure financial literacy education is actually reaching the most disadvantaged students.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4907", "label" : {"_value" : "Biography information for Lord Cruddas"} } , "tablingMemberPrinted" : [{"_value" : "Lord Cruddas"} ], "uin" : "HL3664"} , {"_about" : "http://data.parliament.uk/resources/1613066", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1613066/answer", "answerText" : {"_value" : "
The department has had conversations with a number of external organisations to understand what financial education programmes they deliver. This includes conversations with Barclays LifeSkills, Santander MoneyWise, the Just Finance Foundation, the Church of England, the Financial Times\u2019 Financial Literacy and Inclusion Campaign, Young Enterprise and KickStart money.<\/p>
The department has not spoken to the other organisations included in this list, but does work closely with The Money and Pensions Service (MaPS) and His Majesty\u2019s Treasury to consider how we can support the teaching of financial education in schools. MaPS, as an arm\u2019s length body sponsored by the Department for Work and Pensions, published their UK Strategy for Financial Wellbeing in January 2020. This is a ten-year framework to help UK citizens to make the most of their money and pensions. One of the key themes of their strategy is to support the financial wellbeing of children and young people. Their national goal is to ensure that two million more children and young people receive a meaningful financial education by 2030.<\/p>
Education on financial matters throughout secondary school helps to ensure that pupils are prepared to manage their money well, make sound financial decisions and know where to seek further information when needed. Children should receive age appropriate financial education as part of compulsory education, so that those who leave school early can benefit. Financial education forms part of the citizenship National Curriculum, at Key Stages 3 and 4, but can be taught by all schools at all Key Stages. The subject covers the functions and uses of money, the importance of personal budgeting, money management, and managing financial risk. At secondary school, pupils are taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.<\/p>
The mathematics curriculum includes a strong emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money, including, for example, using percentages. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues such as calculating loan repayments, interest rates and compound interest.<\/p>
MaPS has published financial education guidance for primary and secondary schools and we will deliver a series of webinars in due course. The MaPS guidance can be found attached.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4703", "label" : {"_value" : "Biography information for Baroness Barran"} } , "answeringMemberPrinted" : {"_value" : "Baroness Barran"} , "attachment" : [{"_about" : "http://data.parliament.uk/resources/1613066/answer/attachment/1", "fileName" : {"_value" : "financial-education-guidance-primary-schools-england-2021.pdf"} , "title" : "HL7353_HL7354_primary_guidance"} , {"_about" : "http://data.parliament.uk/resources/1613066/answer/attachment/2", "fileName" : {"_value" : "financial-education-guidance-secondary-schools-england-2021.pdf"} , "title" : "HL7353_HL7354_secondary_guidance"} ], "dateOfAnswer" : {"_value" : "2023-05-04", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "HL7354"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-05-04T15:43:46.303Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2023-04-20", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Education"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the Written Answer by Baroness Barran on 3 April (HL6647), what discussions they have had with (1) Barclays LifeSkills, (2) EVERFI, (3) HSBC, (4) Lloyds Banking Group, (5) NatWest MoneySense, (6) Santander Moneywise, and (7) other financial education providers, about improving financial education in the UK.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4308", "label" : {"_value" : "Biography information for The Lord Bishop of St Albans"} } , "tablingMemberPrinted" : [{"_value" : "The Lord Bishop of St Albans"} ], "uin" : "HL7353"} , {"_about" : "http://data.parliament.uk/resources/1613067", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1613067/answer", "answerText" : {"_value" : "
The department has had conversations with a number of external organisations to understand what financial education programmes they deliver. This includes conversations with Barclays LifeSkills, Santander MoneyWise, the Just Finance Foundation, the Church of England, the Financial Times\u2019 Financial Literacy and Inclusion Campaign, Young Enterprise and KickStart money.<\/p>
The department has not spoken to the other organisations included in this list, but does work closely with The Money and Pensions Service (MaPS) and His Majesty\u2019s Treasury to consider how we can support the teaching of financial education in schools. MaPS, as an arm\u2019s length body sponsored by the Department for Work and Pensions, published their UK Strategy for Financial Wellbeing in January 2020. This is a ten-year framework to help UK citizens to make the most of their money and pensions. One of the key themes of their strategy is to support the financial wellbeing of children and young people. Their national goal is to ensure that two million more children and young people receive a meaningful financial education by 2030.<\/p>
Education on financial matters throughout secondary school helps to ensure that pupils are prepared to manage their money well, make sound financial decisions and know where to seek further information when needed. Children should receive age appropriate financial education as part of compulsory education, so that those who leave school early can benefit. Financial education forms part of the citizenship National Curriculum, at Key Stages 3 and 4, but can be taught by all schools at all Key Stages. The subject covers the functions and uses of money, the importance of personal budgeting, money management, and managing financial risk. At secondary school, pupils are taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.<\/p>
The mathematics curriculum includes a strong emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money, including, for example, using percentages. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues such as calculating loan repayments, interest rates and compound interest.<\/p>
MaPS has published financial education guidance for primary and secondary schools and we will deliver a series of webinars in due course. The MaPS guidance can be found attached.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4703", "label" : {"_value" : "Biography information for Baroness Barran"} } , "answeringMemberPrinted" : {"_value" : "Baroness Barran"} , "attachment" : [{"_about" : "http://data.parliament.uk/resources/1613067/answer/attachment/1", "fileName" : {"_value" : "financial-education-guidance-primary-schools-england-2021.pdf"} , "title" : "HL7353_HL7354_primary_guidance"} , {"_about" : "http://data.parliament.uk/resources/1613067/answer/attachment/2", "fileName" : {"_value" : "financial-education-guidance-secondary-schools-england-2021.pdf"} , "title" : "HL7353_HL7354_secondary_guidance"} ], "dateOfAnswer" : {"_value" : "2023-05-04", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "HL7353"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-05-04T15:43:46.37Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2023-04-20", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Education"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the Written Answer by Baroness Barran on 3 April (HL6647), what steps they are taking to provide financial education for those who leave school early.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4308", "label" : {"_value" : "Biography information for The Lord Bishop of St Albans"} } , "tablingMemberPrinted" : [{"_value" : "The Lord Bishop of St Albans"} ], "uin" : "HL7354"} , {"_about" : "http://data.parliament.uk/resources/1605381", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1605381/answer", "answerText" : {"_value" : "
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>
Finance education forms part of the citizenship National Curriculum, at Key Stages 3 and 4, but can be taught by all schools at all Key Stages. The subject covers the functions and uses of money, the importance of personal budgeting, money management, and managing financial risk. At secondary school, pupils are taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.<\/p>
The mathematics curriculum includes a strong emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money, including, for example, using percentages. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues such as calculating loan repayments, interest rates and compound interest.<\/p>
My right hon. Friend, the Prime Minister, has set out a new mission to ensure all pupils study some form of mathematics to 18. Studying mathematics to 18 will equip young people with the quantitative and statistical skills that they will need for the jobs of today and the future. This includes having the knowledge to feel confident with finances in later life, including things like finding the best mortgage deal or savings rate.<\/p>
The Department works with the Money and Pensions Service (MaPS) and HM Treasury to support the effective teaching of financial education. MaPS has published financial education guidance for primary and secondary schools, and we will deliver a series of webinars in due course. The MaPS financial education guidance for primary and secondary schools can be found in the attached documents.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4703", "label" : {"_value" : "Biography information for Baroness Barran"} } , "answeringMemberPrinted" : {"_value" : "Baroness Barran"} , "attachment" : [{"_about" : "http://data.parliament.uk/resources/1605381/answer/attachment/1", "fileName" : {"_value" : "HL6647_primary_school_financial_education.pdf"} , "title" : "MaPS Primary school financial education"} , {"_about" : "http://data.parliament.uk/resources/1605381/answer/attachment/2", "fileName" : {"_value" : "HL6647_secondary_school_financial_education.pdf"} , "title" : "MaPS Secondary school financial education"} ], "dateOfAnswer" : {"_value" : "2023-04-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-04-03T15:11:59.317Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2023-03-20", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Education"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what steps they are taking to promote financial literacy in schools.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4308", "label" : {"_value" : "Biography information for The Lord Bishop of St Albans"} } , "tablingMemberPrinted" : [{"_value" : "The Lord Bishop of St Albans"} ], "uin" : "HL6647"} , {"_about" : "http://data.parliament.uk/resources/1601697", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1601697/answer", "answerText" : {"_value" : "
Financial education forms part of the National Curriculum for citizenship at Key Stages 3 and 4 but can be taught by all schools at all Key Stages. More information can be found here: https://www.gov.uk/national-curriculum<\/a>. The subject covers the functions and uses of money, the importance of personal budgeting, money management, and managing financial risk. At secondary school, pupils are taught income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.<\/p> The mathematics curriculum includes an emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money, including, for example, using percentages. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues, such as calculating loan repayments, interest rates and compound interest.<\/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 and to explore the opportunities to improve availability of high quality financial education. MaPS has a statutory duty to develop and co-ordinate a national strategy to improve people\u2019s financial capabilities and their ten year strategy, published in 2020, set out their national goal that two million more pupils and young people will receive a meaningful financial education by 2030. The strategy is supported by Delivery Plans for each nation of the UK and details can be found here:https://www.maps.org.uk/uk-strategy-for-financial-wellbeing/<\/a>.<\/p> There is a wide range of support available. MaPS published financial education guidance for primary and secondary schools in England to support head teachers and education decision makers to enhance the financial education currently delivered in their schools. This guidance is available at: https://maps.org.uk/2021/11/11/financial-education-guidance-for-primary-and-secondary-schools-in-england/<\/a>.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/111", "label" : {"_value" : "Biography information for Nick Gibb"}
}
, "answeringMemberConstituency" : {"_value" : "Bognor Regis and Littlehampton"}
, "answeringMemberPrinted" : {"_value" : "Nick Gibb"}
, "dateOfAnswer" : {"_value" : "2023-03-09", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2023-03-09T13:43:52.903Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "60"}
, "answeringDeptShortName" : {"_value" : "Education"}
, "answeringDeptSortName" : {"_value" : "Education"}
, "date" : {"_value" : "2023-03-06", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services: Education"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Education, with reference to Building Beyond Barriers \u2013 A roadmap for enhancing financial education in schools of the APPG on Financial Education for Young People, published on February 2023, if she will take steps to help ensure that all school-aged children receive financial education by 2030.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4869", "label" : {"_value" : "Biography information for Nadia Whittome"}
}
, "tablingMemberConstituency" : {"_value" : "Nottingham East"}
, "tablingMemberPrinted" : [{"_value" : "Nadia Whittome"}
], "uin" : "159124"}
, {"_about" : "http://data.parliament.uk/resources/1582829", "AnsweringBody" : [{"_value" : "Department for Education"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1582829/answer", "answerText" : {"_value" : " Financial education forms part of the citizenship National Curriculum at Key Stages 3 and 4, which is a statutory subject for Local Authority maintained schools, but can be taught by academies. Through citizenship, secondary school pupils are taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.<\/p> The mathematics curriculum includes a strong emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money, including, for example, using percentages. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues such as calculating loan repayments, interest rates and compound interest.<\/p> My right hon. Friend, the Prime Minister, has set out a new mission to ensure all pupils study some form of mathematics to age 18. Studying mathematics to 18 will equip young people with the quantitative and statistical skills that they will need for the jobs of today and the future. This includes having the right skills to feel confident with finances in later life, including finding the best mortgage deal or savings rate.<\/p> The Government is not planning to make an assessment of access to financial education in each region. The Money and Pensions Service (MaPS) has a statutory objective to develop and co-ordinate a national strategy to improve people\u2019s financial capabilities. The strategy is supported by Delivery Plans for each nation of the UK and further details can be found here: https://www.maps.org.uk/uk-strategy-for-financial-wellbeing/<\/a>.<\/p> As part of this, MaPS has published guidance to support head teachers to enhance their financial education provision, which is available here: https://maps.org.uk/2021/11/11/financial-education-guidance-for-primary-and-secondary-schools-in-england/<\/a>.<\/p> The Department and MaPS are planning a series of joint financial education webinars during this academic year, aimed at promoting the importance of financial education, improving pupils\u2019 knowledge and teachers\u2019 confidence.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/111", "label" : {"_value" : "Biography information for Nick Gibb"}
}
, "answeringMemberConstituency" : {"_value" : "Bognor Regis and Littlehampton"}
, "answeringMemberPrinted" : {"_value" : "Nick Gibb"}
, "dateOfAnswer" : {"_value" : "2023-02-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "138001"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-02-09T13:48:52.667Z", "_datatype" : "dateTime"}
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, "answeringDeptId" : {"_value" : "60"}
, "answeringDeptShortName" : {"_value" : "Education"}
, "answeringDeptSortName" : {"_value" : "Education"}
, "date" : {"_value" : "2023-02-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services: Education"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Education, if she will make an assessment of the level of regional disparities in access to financial education.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4653", "label" : {"_value" : "Biography information for Stephen Morgan"}
}
, "tablingMemberConstituency" : {"_value" : "Portsmouth South"}
, "tablingMemberPrinted" : [{"_value" : "Stephen Morgan"}
], "uin" : "138000"}
, {"_about" : "http://data.parliament.uk/resources/1582830", "AnsweringBody" : [{"_value" : "Department for Education"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1582830/answer", "answerText" : {"_value" : " Financial education forms part of the citizenship National Curriculum at Key Stages 3 and 4, which is a statutory subject for Local Authority maintained schools, but can be taught by academies. Through citizenship, secondary school pupils are taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.<\/p> The mathematics curriculum includes a strong emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money, including, for example, using percentages. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues such as calculating loan repayments, interest rates and compound interest.<\/p> My right hon. Friend, the Prime Minister, has set out a new mission to ensure all pupils study some form of mathematics to age 18. Studying mathematics to 18 will equip young people with the quantitative and statistical skills that they will need for the jobs of today and the future. This includes having the right skills to feel confident with finances in later life, including finding the best mortgage deal or savings rate.<\/p> The Government is not planning to make an assessment of access to financial education in each region. The Money and Pensions Service (MaPS) has a statutory objective to develop and co-ordinate a national strategy to improve people\u2019s financial capabilities. The strategy is supported by Delivery Plans for each nation of the UK and further details can be found here: https://www.maps.org.uk/uk-strategy-for-financial-wellbeing/<\/a>.<\/p> As part of this, MaPS has published guidance to support head teachers to enhance their financial education provision, which is available here: https://maps.org.uk/2021/11/11/financial-education-guidance-for-primary-and-secondary-schools-in-england/<\/a>.<\/p> The Department and MaPS are planning a series of joint financial education webinars during this academic year, aimed at promoting the importance of financial education, improving pupils\u2019 knowledge and teachers\u2019 confidence.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/111", "label" : {"_value" : "Biography information for Nick Gibb"}
}
, "answeringMemberConstituency" : {"_value" : "Bognor Regis and Littlehampton"}
, "answeringMemberPrinted" : {"_value" : "Nick Gibb"}
, "dateOfAnswer" : {"_value" : "2023-02-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "138000"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-02-09T13:48:52.73Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "60"}
, "answeringDeptShortName" : {"_value" : "Education"}
, "answeringDeptSortName" : {"_value" : "Education"}
, "date" : {"_value" : "2023-02-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services: Education"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Education, if she will take steps to ensure that all children in secondary schools receive financial education.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4653", "label" : {"_value" : "Biography information for Stephen Morgan"}
}
, "tablingMemberConstituency" : {"_value" : "Portsmouth South"}
, "tablingMemberPrinted" : [{"_value" : "Stephen Morgan"}
], "uin" : "138001"}
, {"_about" : "http://data.parliament.uk/resources/1581885", "AnsweringBody" : [{"_value" : "Department for Education"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1581885/answer", "answerText" : {"_value" : " Education on financial matters helps to ensure that pupils are prepared to manage their money well, make sound financial decisions and know where to seek further information when needed.<\/p> Financial education forms part of the citizenship curriculum at Key Stages 3 and 4, but can be taught at all Key Stages. More information on the National Curriculum can be found here: https://www.gov.uk/national-curriculum<\/a>. The subject covers the functions and uses of money, the importance of personal budgeting, money management and managing financial risk. At secondary school, pupils are taught content on income and expenditure, credit and debt, insurance, savings, pensions, financial products and services and how public money is raised and spent.<\/p> The mathematics curriculum includes an emphasis on the essential arithmetic that primary pupils should be taught. A strong grasp of mathematics will underpin pupils\u2019 ability to manage budgets and money. The secondary mathematics curriculum develops pupils\u2019 understanding in relation to more complex personal finance issues such as calculating loan repayments, interest rates and compound interest.<\/p>