Schools: Data, Digital and Financial Literacy

Lord Storey Excerpts

Tuesday 14th March 2023 Lords Chamber

[Baroness Barran (Con)]

I am very happy to take my noble friend’s suggestion back to the department.

[Lord Storey (LD)]

My Lords, independent research by Cambridge University, published by the Money and Pensions Service, suggests that money habits are formed as early as the age of seven. This shows that educating children about money at primary school is very important. Has the Minister heard of GoHenry, a charity set up by parents that gives a prepaid debit card to children, along with an educational app so they can understand financial affairs? If she has not, will she meet them? It might be of interest in developing this curriculum.

[Baroness Barran (Con)]

I have heard of it, but I would also be delighted to meet them. Just to repeat, at the earliest stage, at key stage 1, the compulsory curriculum includes helping children understand how they make choices about how to spend, how to save and how to use money.