Post-16 Financial Education
Debate between Baroness Uddin and Baroness Smith of Malvern(2 weeks, 5 days ago)
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Baroness Smith of Malvern (Lab)
Of course, this is part of what the Money and Pensions Service strategy aims to do, as is the work I identified that is being supported by the dormant assets funding. We also need to work alongside the legitimate parts of the industry to make sure that the support and information that it is providing is made more broadly available to young people—and, in fact, to people throughout their lives. I suspect that those of us who did not have the opportunity to have even the type of financial education that children nowadays get have a continuing need to understand our finances well into our lives and, in particular, into our retirement.
Baroness Uddin (Non-Afl)
My Lords, I agree with my noble friend the Minister that many excellent examples exist in primary schools right across our country of financial literacy being taught to young people. Although I absolutely accept that, some urgent attention is required to ensure that children and parents are educated about their presence in the online world. Children as young as five years old are playing Roblox, and they need to extract money and card information that might be automatically available online. There is an urgent need for education very early on, but also among parents. Does she agree?
Baroness Smith of Malvern (Lab)
My noble friend makes an important point about the intersection of financial education and the need to ensure that our children have a good understanding about their online safety. Both those things, by the way, have been identified by the curriculum and assessment review that this Government set up as areas where it will want to say more when it reports in the autumn. As my noble friend says, parents have concerns as to whether there is sufficient space and direction in the school curriculum for these areas to be covered.
Computer Science Applications to English Universities
Debate between Baroness Uddin and Baroness Smith of Malvern(8 months, 3 weeks ago)
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Baroness Smith of Malvern (Lab)
The noble Lord has identified that we need people to be accessing computer science at undergraduate level; we also need people to be accessing the wide variety of other routes into computer science and digital skills. I agree with the noble Lord that the development of homegrown postgraduate study and the expertise that comes with it is also important. This requirement for skills is why Skills England, in its first published assessment of where there are particular gaps in our skills environment, identified digital skills among the top four areas of concern. That is why we are determined to ensure, through Skills England and the policies of this Government, that the country has the skills it needs to grow and succeed.
Baroness Uddin (Non-Afl)
My Lords, I declare an interest as a member of the APPG for International Students. Is the Minister aware that there is a significant decrease in the number of applications from international students? Are the Government worried and concerned about that? We have had lots of representations about the fact that many applicants are having to face a cumbersome system of dealing with call centres. In the Government’s review of how to service international students, will she consider this aspect as a barrier and try to address it?
Baroness Smith of Malvern (Lab)
My noble friend is absolutely right that international students bring an enormous amount of benefit to the UK higher education system. For that reason, it is a shame that the previous Government decided to use the issue of international students more for political ends than for the good of the country. We know that international students generate over £20 billion of export revenue and that 58 leaders across the world were educated at top universities in the UK. We know the benefits for students of working and studying alongside people from around the world. Therefore, we should do everything we can to welcome international students and to look outward. Unlike the previous Government, that is what this Government are committed to doing.