Schools: Financial Education

Lord Young of Norwood Green Excerpts

Tuesday 12th July 2022 Lords Chamber

[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.

[Lord Young of Norwood Green (Lab)]

I want to return to the point made by the noble Lord, Lord Sandhurst, about children, even in primary schools, being subjected to scams and fraud, including money laundering. The list that the Minister read out made no reference to that. I think there is a gap and I ask the Minister to take this away and think about the risks and the value of advising young people of these risks.

[Baroness Barran (Con)]

On the specific issue of money laundering, it might be helpful if the noble Lord could give me an example of what he is thinking about. Some of the risks that we know young people face—and which I know your Lordships’ House is very concerned about—relate to gaming and gambling. I hope your Lordships will be pleased to know that a new subject in the health education curriculum on the risks associated with gambling and the accumulation of debt will be compulsory in all state-funded schools, primary and secondary.