Share

Report calls on government to ‘bolster’ financial education subject for those in primary, secondary and post-16 education

Ten years after financial education was added to the national curriculum, an Education Committee report calls on the government to bolster the subject in primary and secondary schools and at post-16 level.

Widely supported by politicians of all parties, as well as financial institutions, academics, trade unions and campaigners such as broadcaster Martin Lewis, financial education gives pupils knowledge to make decisions with their money.

It can cover a wide range of skills from reading a payslip, understanding the impact of money on relationships, awareness of online scams and judging financial risks.

The cross-party committee’s report makes recommendations to the Department for Education (DfE) on:

  • Expanding financial education at primary school level
  • Encouraging schools to appoint financial education coordinators
  • Improving access to quality learning materials
  • How the subject could become a key component of the government’s proposal for all 16-18-year-olds to study maths

Financial education has formally been part of the national curriculum since 2014, meaning it is required to be taught in local authority-run schools as part of the maths curriculum at primary and secondary level, and through citizenship studies from ages 11-16.

You may also like...