Financial Education

Education Committee Closed Inquiry
Opened: 16 Nov 2023 Closed: 27 May 2024 Parliament page
The Education Committee will examine the current state of financial education in England and consider what steps need to be taken to ensure its delivery is improved, that schools and colleges are more confident in its application, and that pupils and students are better equipped for a fast-changing financial and … Read more
19 Recommendations
3 Conclusions
1 Report
2 Oral sessions
2 Events
Activity timeline 6 events
16 Jan
2025
Report published
22 May
2024
Report published
5 Mar
2024
Oral evidence
5 Mar
2024
Formal meeting (oral evidence session) · Room 15, Palace of Westminster
30 Jan
2024
Oral evidence
30 Jan
2024
Formal meeting (oral evidence session) · Room 15, Palace of Westminster
Oral evidence sessions 2 sessions
5 Mar 2024
View on parliament.uk
Financial Education
Kate Dixon · Department for Education Martin Lewis · moneysavingexpert.com Rt Hon Damian Hinds MP · Department for Education Russell Winnard · Young Enterprise
30 Jan 2024
View on parliament.uk
Financial Education
Andrew Wilson · Santander UK Jonathan Baggaley · PSHE Association Liz Moorse · Association for Citizenship Teaching Louise Hill · GoHenry Mr Leon Ward · MyBnk Sarah Hannafin · NAHT Sharon Davies · Young Enterprise
Title HC No. Published Items Response
Third Report - Delivering effective financial education HC 265 22 May 2024 22 Responded
Recommendations & Conclusions
1 result
Clear
20 Recommendation Accepted in Part
Third Report - Delivering effectiv…
Work with Ofsted to review and improve the evaluation of financial education provision.
The Department for Education should work with Ofsted to review how it can improve its evaluation of financial education. We recommend that citizenship provision be inspected under the quality of education key judgement and personal development. The Department should take … Read more
Government Response
The government explained Ofsted's current inspection framework already considers broad curriculum and personal development, where financial education might be assessed. While it noted Ofsted's upcoming consultation on a new inspection framework, it did not specifically commit to reviewing the evaluation of financial education or inspecting citizenship under the 'quality of education' judgement. It did, however, affirm commitment to the Gatsby Benchmarks and will work with Ofsted to reflect updated benchmarks in inspection practice from September 2025.
Department for Education
View details
Government Response AI assessment · 22 of 19 classified
Accepted 5
Accepted in Part 1
Acknowledged 2
Deferred 8
Not Addressed 2
Rejected 4
Total 19 recs + 3 conclusions