Schools: Financial Education

Baroness Hussein-Ece Excerpts

Tuesday 12th July 2022 Lords Chamber

[Baroness Barran (Con)]

If I have understood my noble friend’s question correctly, there is a broader responsibility. When one looks at the advice given by the Money and Pensions Service, it talks very much about how schools should work with parents and carers and how to embed learning about financial issues by putting learning into practice and building on everyday events—perhaps including the current leadership campaign —to understand how money works.

[Baroness Hussein-Ece (LD)]

My Lords, what is being done to assist care leavers, who often cannot manage their financial affairs, have missed out on the education that might have been available in schools, find themselves in desperate trouble trying to pay bills and manage and often end up homeless? Is it not time for a more comprehensive policy towards young care leavers?

[Baroness Barran (Con)]

The Government have introduced a number of very specific measures to support care leavers in exactly the areas the noble Baroness refers to. If I may, I will set those out in detail in a letter.