Third Report - Delivering effective financial education
Select Committee
Education Committee
HC 265
22 May 2024
Recommendations
1 results
1
Acknowledged
Para 14
Financial education in primary schools remains insufficient despite children's early financial exposure.
Recommendation
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 …
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Government Response Summary
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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Conclusions (1) Observations and findings — click to expand
2
Conclusion
Acknowledged
Para 15
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 participate. Building a strong foundation for financial education at primary …
Government Response Summary
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.