(11 years, 5 months ago)
Commons ChamberThe hon. Lady makes two important points. First, by removing the current national curriculum levels we create space for more sophisticated methods of tracking. One of the problems with current level descriptors is that they are opaque and confusing, and sometimes different schools register different levels of achievement at different levels. The new method we propose will mean that there is far greater rigour in how assessment is carried out. Secondly, Darlington is a model local education authority, because it has encouraged more and more schools to take on academy freedoms. I hope that more Labour local authorities follow where Darlington has led.
Carrying on with the subject of financial education for young people, I am grateful for my right hon. Friend’s comments. He will be well aware that the Parliamentary Commission on Banking Standards also endorsed putting financial education on the curriculum. Does he agree not only that that will reinforce mathematics as a relevant subject, but that a good grounding in financial literacy can prove to be a major engine for social mobility?
My hon. Friend is absolutely right. The more confident every student is with the increasingly sophisticated range of financial temptations they face, the more that social mobility and resilience can be built in.