Schools: Financial Literacy

Debate between Baroness Lampard and Baroness Barran

Thursday 20th April 2023 Lords Chamber

[Baroness Lampard (Con)]

My Lords, I draw attention to my registered interest as chair of GambleAware. Research shows that 96% of 11 to 24 year-olds are exposed to gambling marketing and advertising, and that exposure to gambling marketing can influence their attitudes towards gambling and the likelihood of them gambling in the future. In the light of that, what specific measures are the Government taking to ensure that schoolchildren are educated about the financial as well as other risks associated with gambling?

[Baroness Barran (Con)]

My noble friend makes a very important point. Risks relating to gambling are part of the RSHE curriculum and there are two main aspects of this. One is supporting pupils to manage risk and make informed decisions in relation to their mental well-being and their behaviour online. The second area relates to internet safety and harms and addresses exactly my noble friend’s point: pupils are taught about the risks relating to online gambling, including how advertising and information is targeted at them, the risks of accumulating debt and how to be a discerning consumer of information online.