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
2 results
Clear
1 Recommendation Acknowledged
Third Report - Delivering effectiv…
Financial education in primary schools remains insufficient despite children's early financial exposure.
Whilst there are some examples of exemplary practice, in the main financial education in primary schools in England is insufficient and should be expanded. Children use money at an increasingly young age and with greater independence, often making transactions that … Read more
Government Response
The government acknowledges the importance of maths for financial management and details existing efforts to improve early maths education and recruit maths teachers, but does not commit to specifically expanding financial education content in primary schools.
Department for Education
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2 Conclusion Acknowledged
Third Report - Delivering effectiv…
Early financial education in primary school is crucial for children's future financial literacy.
Effective financial education needs to begin early, during primary school years. We have heard evidence that the limited provision of financial education in primary school mathematics does not adequately prepare children for the fast-changing financial world in which they increasingly … Read more
Government Response
The government agreed that maths is fundamental for financial management and is committed to improving early maths education standards. It noted existing primary maths content that supports financial understanding and mentioned that the Curriculum and Assessment Review (CAR) would consider curriculum breadth. Oak National Academy will also release new financial education lessons by Spring 2025.
Department for Education
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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