Oral Answers to Questions

Debate between Anne Marie Morris and Elizabeth Truss

Monday 24th June 2013 Commons Chamber

[Anne Marie Morris (Newton Abbot) (Con)]

T8. Does the Minister agree that making financial education a formal part of the national curriculum should ensure not only that every child leaves school with a basic understanding of personal finance but that those who seek to start their own businesses are better equipped with the skills that they need to succeed?

[Elizabeth Truss]

I completely agree with my hon. Friend. We have improved financial education in maths through the better study of interest rates, loans and mortgages. We have also included the subject in citizenship classes and, furthermore, we are participating in the PISA —the programme for international student assessment— comparison between different countries on financial literacy. We can therefore compare the capabilities of our 15-year-olds with those in other countries.