Oral Answers to Questions

Debate between John Penrose and Damian Hinds

Monday 11th March 2024 Commons Chamber

[John Penrose (Weston-super-Mare) (Con)]

5. If she will issue statutory guidance on teaching economic education in schools as part of the PSHE curriculum.

[The Minister for Schools (Damian Hinds)]

It is essential that young people are equipped to make important financial decisions later in life. My hon. Friend will recall our curriculum reforms, and the national curriculum for mathematics and secondary citizenship equips pupils with the essential knowledge, understanding and practical skills needed to manage their money.

[John Penrose]

The Minister is absolutely right to suggest that good financial education helps people to avoid debts and poverty, and to build up a savings cushion for a rainy day. Prevention is undoubtedly better than cure, yet while statutory guidance ensures that students learn about threats such as drugs or unplanned pregnancy, money and finance are more optional. Should they not be taken as seriously as everything else?

[Damian Hinds]

I agree with my hon. Friend. There is relevant content in different parts of the curriculum, not only in mathematics, which is statutory throughout key stages 1 to 4, but at secondary level in citizenship. Further elements such as computing are particularly relevant to online fraud. In relationships, sex and health education, some aspects of fraud are covered, as is gambling, but I absolutely agree that it is important to keep these things under review.