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
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
Financial Education
Kate Dixon · Department for Education Martin Lewis · moneysavingexpert.com Rt Hon Damian Hinds MP · Department for Education Russell Winnard · Young Enterprise
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
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 … Read more
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 … Read more
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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Government Response AI assessment · 22 of 19 classified

Total 19 recs + 3 conclusions