Financial Education
Education Committee
Closed
Inquiry
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 …
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19
Recommendations
3
Conclusions
1
Report
2
Oral sessions
2
Events
Activity timeline 6 events
16 Jan
2025
2025
22 May
2024
2024
Report published
5 Mar
2024
2024
Oral evidence
5 Mar
2024
2024
Formal meeting (oral evidence session) · Room 15, Palace of Westminster
30 Jan
2024
2024
Oral evidence
30 Jan
2024
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
Reports 1 report · click to expand
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| Third Report - Delivering effective financial education | HC 265 | 22 May 2024 | 22 | Responded |
Recommendations & Conclusions
2 results
8
Recommendation
Not Addressed
Third Report - Delivering effectiv…
Broaden mathematics teacher recruitment beyond traditional qualifications for financial and contextual education.
The Department should carefully consider the requirements for teaching such a course and could take the opportunity to broaden mathematics recruitment behind those with a degree or A level in the subject to ensure there is a sufficient cohort of …
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Government Response
The government discusses existing financial education qualifications and general maths teacher recruitment strategies, including financial incentives, but does not specifically address the recommendation to broaden mathematics teacher recruitment criteria beyond those with a degree or A level.
Department for Education
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19
Recommendation
Not Addressed
Third Report - Delivering effectiv…
Evaluate Citizenship provision within Ofsted's quality of education key judgement, alongside personal development.
Ofsted’s inadequate evaluation of financial education in schools undermines the importance of financial education and adversely affects how it is viewed and prioritised by teachers and school leaders. Citizenship in particular is not being appropriately assessed by Ofsted. Inspection under …
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Government Response
The government explained that Ofsted's current regime already considers a broad curriculum and personal development, and financial education may be included in maths deep dives or citizenship assessments. It noted Ofsted will be consulting on a new education inspection framework and report cards, but did not specifically commit to evaluating citizenship, including its financial education content, under the 'quality of education' judgement.
Department for Education
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